CosmicTaco
HubSpot Shares Plunge 12% as Alphabet Shelves Acquisition Plans
- HubSpot shares dropped 12% after reports that Alphabet is no longer pursuing an acquisition.
- Bloomberg cited sources saying there were no detailed discussions about due diligence between the companies.
- Representatives from both HubSpot and Alphabet did not respond to requests for comment.
- Regulatory pushback has affected other tech deals, including Amazon's and Microsoft's recent acquisitions.
- HubSpot's rapid growth contrasts with Alphabet's, with HubSpot reporting over 20% revenue growth for the past six quarters.
16mo ago
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