Google will face USD5B lawsuit over Internet tracking, judge rules

  • Alphabet (NASDAQ:GOOGL) has to a face a USD5b lawsuit that it didn't notify users that their data can still be collected while in "incognito" mode, a judge ruled on Friday.
  • A federal judge denied Alphabet 's request for dismissal of a lawsuit that was filed in June, according to Cnet.
  • "The court concludes that Alphabet did not notify users that Alphabet engages in the alleged data collection while the user is in private browsing mode," US District Judge Lucy Koh wrote in her ruling.

    Over the current book year the total revenue will be 226.17 billion USD (consensus estimates). This is hugely more than 2020's revenue of 182.53 billion USD.

    Historical revenues and results Alphabet plus estimates 2020


    The analysts expect for 2021 a net profit of 47.54 billion USD. According to most of the analysts the company will have a profit per share for this book year of 69.59 USD. Based on this the price/earnings-ratio is 29.13.

    Analysts don't expect the company to pay a dividend. The average dividend yield of the internet companies equals a limited 0.27 percent.

    Most recent target prices around 2552 USD

    The latest 3 recommendations for the internet company were provided by Goldman Sachs , Barclays and ABN AMRO .

    Alphabet 's market capitalization is based on the number of outstanding shares around 607.74 billion USD. The Alphabet stock was the past 12 months quite unstable. Since last March the stock is even 90 percent higher. This year the stock price moved between 1009 and 2145 dollar.

    Historical stock prices Alphabet

    stock price alphabet

    Click here for dividend Alphabet. At 17.54 the stock trades 0.87 percent higher at 2026.96 USD. Nieuwsdienst: +31 084-0032-842

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