Google’s $500 Billion Lesson for Antitrust Officials

Gus Hurwitz November 6, 2026

RealClearMarkets View Original Source

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Last week, Google parent Alphabet lost roughly $500 billion in market value in a single day—a sharp reminder that while Washington has spent years challenging Google’s dominance, competition has continued to challenge the business model that has made that dominance possible.

As The Wall Street Journal reported, the sell-off reflected investors’ concerns about Google’s transition to artificial intelligence. In its latest quarter, Google’s search revenue growth fell by nearly a third—from 17% to 12%—while AI threatens the advertising model on which much of the company’s revenue depends.

Read the full piece here.