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Why Alphabet Stock Tumbled on Thursday [Yahoo! Finance]
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm
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US:NASDAQ Investor Relations: abc.xyz/investor
Both of the company's listed stocks took a slight dive as a result, declining by nearly 2%. That was a steeper fall than the S&P 500 's 0.6% slide. That morning, The Washington Post reported that the government's Consumer Financial Protection Bureau (CFPB) is preparing the extraordinary step of directly placing core Alphabet business unit Google under federal supervision. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » Citing two unidentified "people familiar with the discussions," the newspaper added that such a move would subject Google to measures such as regular inspections and close oversight -- similar to the situation with the banking sector. The CFPB, which was formed in the wake of the 2008-2009 financial crisis, has a broad mandate to protect consumers from predatory behavior from American companies. Since its inception, the agency has focused on the actions of companies in the financial sector, although it
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