EU Antitrust Probe Poses Risks for Alphabet

about 1 month ago

Emily Grafo

"I'm watching shares of Google's par parent Alphabet, but the ticker go OG L. The company's under investigation by EU antitrust watchd dogs over concerns that it unfairly demotes some news results. So this is a probe that could add up to 11 billion of fines from the EU tally. Um that stock right now down about 2.5%. It's been falling for the last 2 days. And the company actually said the Google search chief scientist said that the EU investigation um is entirely misguided, risks harming millions of EU users, but nevertheless, it's never good news for the equity holders when there's an investigation like this and potential for what could be billions of dollars of fines."

Alphabet (GOOGL) is facing an EU antitrust investigation that could result in significant fines, negatively affecting shareholder value despite the company's defense. The stock has been down 2.5% over the last couple of days, highlighting concerns over regulatory risks.

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