The stock price of Alphabet Inc (NASDAQ: GOOG) increased by 2.86% on Thursday. Investors are responding positively to a report from The Wall Street Journal that YouTube Shorts – which is a short-form video feature that competes against TikTok – has become very popular.
YouTube Shorts now has over 1.5 billion monthly users. This amounts to about three-fourths of YouTube’s total global base of 2 billion logged-in monthly users. As a comparison, TikTok claimed to be hitting 1 billion monthly active users until September.
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