It’s a new high-water mark for impossible demands, as the European Union issued a letter to Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL) demanding that Google remove a substantial quantity of material from all its various properties.
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Essentially, the European Union demanded that Google remove “disinformation and illegal content,” mostly from its YouTube arm, that’s connected with the Israel-Hamas war. EU officials noted that a “…surge of illegal content and disinformation” had been seen throughout “certain platforms,” one of which was clearly YouTube.
The EU then demanded, in a fashion that King Canute himself would have openly mocked, that YouTube “…be compliant with the Digital Services Act and remove the content.” It wasn’t just Google here, either; Meta Platforms (NASDAQ:META) and X, formerly Twitter, also received similar notices.
Are Google Shares a Good Buy?
Turning to Wall Street, analysts have a Strong Buy consensus rating on GOOG stock based on seven Buys assigned in the past three months, as indicated by the graphic below. Furthermore, the average GOOG price target of $148.86 per share implies 7.57% upside potential.
