GOOG, GOOGL Investors Have Opportunity to Lead Alphabet Inc. Securities Fraud Lawsuit

LOS ANGELES, April 14, 2023

LOS ANGELES, April 14, 2023 /PRNewswire/ -- Glancy Prongay & Murray LLP ("GPM") announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against Alphabet Inc. ("Alphabet" or the "Company") (NASDAQ: GOOG, GOOGL).

Class Period: February 4, 2020 – January 23, 2023

Lead Plaintiff Deadline: May 15, 2023

If you wish to serve as lead plaintiff of the Alphabet lawsuit, you can submit your contact information at www.glancylaw.com/cases/Alphabet-Inc/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com to learn more about your rights.

The complaint filed alleges that, throughout the Class Period, Defendants failed to disclose to investors that: (1) Alphabet used its dominance in the field of digital advertising to disadvantage website publishers and advertisers who used competing advertising products; (2) the foregoing conduct was anticompetitive in nature and likely to draw significant regulatory scrutiny; (3) Alphabet's revenues were unsustainable to the extent that they were the product of said anticompetitive conduct; (4) Alphabet's conduct, once revealed, would negatively impact the Company's reputation and expose it to a heightened risk of litigation and regulatory enforcement action; and (5) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

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