CosmicTaco
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.
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5mo ago
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Why Google would acquire Hubspot?

For context: Google had $305B in revenue in 2023 of which $240B (78.8%) came from advertising revenue, majorly selling to SMB. Hubspot had revenue of $2.17B from selling sales and marketing tools.

One of the biggest challenges today ...

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