Alphabet (GOOGL) Dips as EU Readies Second Digital Markets Act Fine
Alphabet shares dipped after reports the EU is drafting a second Digital Markets Act fine for Google, focusing on vertical search favoritism following a €2.95bn penalty.
Market context
Follow the story. See which markets it affects. Explore the context.
Alphabet shares dipped after reports the EU is drafting a second Digital Markets Act fine for Google, focusing on vertical search favoritism following a €2.95bn penalty.
Alphabet (GOOGL) jumped 4.5%, topping a $3 trillion market cap after a judge’s decision eased breakup fears; shares are up 33% YTD despite rising search competition from AI chatbots.
Judge orders antitrust remedies against Google, limiting service distribution and requiring Google to share search data with certain competitors, per SEC filing.
A U.S. judge rejected breaking up Alphabet, letting Google keep Chrome and Android control while limiting some exclusive contracts; shares jumped on the ruling, easing a major regulatory overhang but…
A U.S. judge ordered Alphabet to share search data with rivals to spur competition, rejecting a forced Chrome sale; Google will appeal. The ruling ties to wider antitrust cases over search and advert…