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Google (GOOGL) is officially going to be called Alphabet at the end of the business day today and will start trading under that name on Monday. But the transition may not be as easy as “ABC,” at least for investors who thought that the reorganization would reduce Google’s spending and boost profits. Bank of America Merrill Lynch recently said in a note to investors that the new structure could result in an acceleration of spending. Alphabet is Scalper1 News
Scalper1 News