The tech giants never sleep! 💡 Alphabet (Google) has acquired the cloud security company Wiz for a whopping 32 billion US dollars. This acquisition clearly shows how seriously Google is taking its expansion in the cloud security sector. 🔒
The share is currently trading at USD 154.54, up slightly by USD 0.21 (+0.14%) compared to the previous day. Intraday, the price fluctuated between USD 150.77 and USD 155.4. The trading volume was 54,074,845. 📊
With this step, Alphabet is strengthening$GOOGL (-0,3 %) is strengthening its position in the field of cloud security and taking on competitors such as Amazon Web Services (AWS) and Microsoft Azure. In the long term, this acquisition could massively strengthen Google Cloud's market position - but was the price justified?
I would be interested to know:
👉 Do you think this acquisition will boost the share price in the long term?
👉 How do you rate Google's strategy of investing more in cloud security?
👉 Do you see the investment more as a risk or an opportunity?
I look forward to your opinions! 💬
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