Home » General World News » ‘This is a pro-Amazon ruling’:’ Here’s what Wall Street is saying about Google’s record-breaking $5 billion fine (GOOGL)

‘This is a pro-Amazon ruling’:’ Here’s what Wall Street is saying about Google’s record-breaking $5 billion fine (GOOGL)





Alphabet stock price

  • 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.

The European competition regulator handed down a record-breaking fine of 4.3 billion euros (roughly $5.06 billion) to Alphabet’s Google on read more >>>

Source:: BusinessInsider.Com

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