5 Good Stocks to Buy Now

​2. Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Fund Holders: 288

Alphabet Inc. (NASDAQ:GOOGL) is one of the Good Stocks to Buy Now. On March 25, Reuters reported that Alphabet Inc. (NASDAQ:GOOGL) and Meta lost a case in Los Angeles for neglecting the harmful impacts on young people in designing their social media.

​The verdict found both the companies liable to pay $6 million in damages, with Alphabet to pay $1.8 million and Meta liable for $4.2 million. Although the payable amount for the companies is minimal considering their market capitalization, the report noted that this verdict is expected to serve as a bellwether for other similar cases.

​For reference, the case involves 20-year old women named Kaley, who noted that she became addicted to Alphabet’s YouTube and Meta’s Instagram at a very young age, due to the attention-grabbing design of the apps. As the case progressed, the jury found both companies to be negligent in designing the app and also noted they failed to warn about the potential harmful impacts of the attention-grabbing design.

​Alphabet Inc. (NASDAQ:GOOGL) owns several notable platforms, including Google Search, Google Maps, Gmail, and YouTube. The company is also known for pioneering work and research in cloud computing, quantum computing, and artificial intelligence.