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Alphabet (GOOGL) Tumbles on 2.95 Billion Euro EU Antitrust Fine Targeting Adtech

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The Story

News Summary

  • The EU fined Alphabet €2.95bn for anti-competitive adtech practices, ordered remedies and warned of possible divestitures.
  • Google will appeal while a US antitrust trial and broader regulatory scrutiny heighten risk to its ad business and revenue.
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GOOGL price history

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