‘This is a pro-Amazon ruling’:’ Here’s what Wall Street is saying about Google’s record-breaking $5 billion fine (GOOGL)
|07/18/2018||Posted by BusinessMediaguide.Com under General World News||
- Google has been fined a record $5 billion by the European competition watchdog for abusing the dominance of its mobile operating system, Android.
- The search giant was accused of forcing smartphone makers like Samsung and Huawei to preinstall its services, such as Google Search and Google Maps, on Android.
- Most Wall Street analysts aren’t concerned about the company’s ability to pay the fine, but say Amazon will benefit the most from the decision.
- Follow Alphabet’s stock price in real-time here.