Google stock falls after Apple exec comments raise search slowdown concerns
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Court: N.D. California
Case: 3:18-cv-06245
GOOGL declined after Apple’s Eddie Cue noted a drop in Safari search traffic, fueling worries about Google’s dominance in search and ad revenue. Analysts warn of challenges from AI-driven rivals and a potential slowdown in Google Search growth, with competition rising from OpenAI, Grok, and Perplexity.
At the same time, GOOGL agreed to a $350M settlement with investors to resolve claims that security flaws in Google+ exposed user data. You can check more information about it here and file for a payout.