Jim Cramer Still Can’t Believe The Verdict Of Alphabet Inc. (GOOGL)’s Antitrust Lawsuit

We recently published 14 Latest Stocks on Jim Cramer’s Radar. Alphabet Inc. (NASDAQ:GOOGL) is one of the stocks Jim Cramer recently discussed.

Alphabet Inc. (NASDAQ:GOOGL) has been one of the more bittersweet stocks for Jim Cramer recently. The CNBC TV host started the year by expressing worries about the firm’s tussles with the Justice Department. Cramer famously sold Alphabet Inc. (NASDAQ:GOOGL)’s shares and ended up regretting the decision later on as the stock benefited from tailwinds generated from the strong performance of the firm’s YouTube and other businesses. This time, he commented on the court’s decision related to Alphabet Inc. (NASDAQ:GOOGL)’s monopoly lawsuit:

“Well look I didn’t think there was a chance, that that would pass muster. . .that Google could pay 20 billion to be able to have. Right and the circular reasoning the judge used was, I think, so, lightweight, just the idea that if they didn’t pay them, they would become even more monopolist. I don’t know, to me that was, that was like moved the court, I was shocked by that.”

Photo by Firmbee.com on Unsplash

Here are Cramer’s previous thoughts about Alphabet Inc. (NASDAQ:GOOGL):

“Next up, I like Alphabet, one of the best long-term growth stocks that you could have owned over the past two decades… Justin Jefferson, he’s the Vikings receiver… I think of both Alphabet and Jefferson as known commodities with major new questions. For Alphabet, Google’s, the worry is how, how’s the advent of AI going to impact the core search business? So far so good… I think they’ll both be just fine.”

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Disclosure: None. This article is originally published at Insider Monkey.