Alphabet (GOOGL) Stock Dips Amid EU Fine Speculation
Alphabet shares declined Thursday as European regulators reportedly consider another antitrust penalty against Google. The European Commission is drafting a decision on whether to impose fresh fines, following a $3.45 billion penalty earlier this month for anti-competitive ad tech practices.
The potential new charges relate to March allegations that Google favored its own vertical search services—like Shopping, Flights, and Hotels—over competitors. While the exact penalty amount remains undisclosed, the tech giant maintains its services benefit European consumers and businesses.
Despite regulatory headwinds, Alphabet stock has gained 29% year-to-date, with a 17% surge in the past month following favorable developments in its US antitrust case.
