BUZZ-Alphabet faces EU antitrust charges, stock falls
ReutersFeb 21, 2025 5:31 PM
Alphabet GOOGL.O stock declining 1.8% on Friday after Reuters reported the EU plans to charge search arm Google with breaching antitrust rules aimed at checking the power of Big Tech
GOOGL's drop was in line with dips in several other tech stocks, with Nasdaq .IXIC down 1%
EU Commission's move follows Google's failure to address regulator's concerns over its search result practices, potentially favoring its own services
EU's Digital Markets Act (DMA) prohibits Google from favoring its products, with potential fines up to 10% of global revenue
GOOGL recently traded at 20x expected earnings, just below its 5-year average forward PE of 23, per data compiled by LSEG
GOOGL stock down about 4% YTD, underperforming Nasdaq, which is up 2%
Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
Related Articles
Tesla Stock Outlook: Competing With Rivian, Robotaxi Potential, and 2026 Prospects
There is much conversation about the prospect of investing in Tesla (TSLA) as we move closer to 2026. The volatility of its share price in 2025 is leading many investors to consider if they should purchase shares of Tesla given the alternatives available in terms of electric vehicles (Rivian, etc.).TradingKey
13 hours ago
Amazon Stock Predictions for 2026 to 2030: Will They Exceed Expectations and Achieve Major Long-Term Goals?
TradingKey - As we head into 2026, many investors are questioning where Amazon (AMZN) fits into the technology world.TradingKey
Fri, Feb 6
A Crash After a Surge: Why Silver Lost 40% in a Week?
TradingKey - Spot silver (XAGUSD) prices continue to decline. Silver plunged 20% on Thursday, breaking below $71 per ounce, with the sell-off intensifying on Friday as prices fell further below $64. Compared to the all-time high set on January 29, silver prices have retraced more than 40%, wiping out nearly all gains accumulated over the previous month.TradingKey
Fri, Feb 6
Is Bitcoin’s Four-Year Cycle Dead in 2026?
Is the Bitcoin 4-year cycle dead? After 2025 broke historical records with a red post-halving year, institutional analysts explore if the Bitcoin price has decoupled from the halving countdown. Analyze the impact of spot ETFs, global liquidity, and the roadmap to the 2028 halving in this 2026 marketTradingKey
Wed, Feb 4
