Google Stock Drops $160 Billion As Apple Executive Suggests Google's Safari Dominance May Be Waning
1. Google's shares fell over 8% due to competition from Apple. 2. Apple may introduce AI-driven search options, threatening Google's dominance. 3. Google paid Apple $20 billion in 2022 for search engine services. 4. Alphabet's market cap dropped by $160 billion on the announcement. 5. Search activity on Safari decreased for the first time in April.