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Alphabet Market Cap Plummets; DoorDash to Acquire Instacart

The Motley Fool +1 · ·by G4L

GOOGL Alphabet Inc
$288.15 +1.18%
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GOOG +0.73%
  1. 1Alphabet's stock fell approximately 12%, resulting in a market cap loss of about $500 billion.
  2. 2Alphabet/Google recorded over $51 billion in capital expenditures this quarter, resulting in a free cash flow of -$9 billion.
  3. 3DoorDash will acquire Instacart for an acquisition price of $17 billion.

So what's the key point?

Alphabet's market value decreased significantly as its stock price fell by about 12 percent. DoorDash has agreed to purchase Instacart for $17 billion.

Source The Motley Fool +1 · View original ↗

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