Google faces possible second EU fine, Alphabet shares dip
ReutersSep 25, 2025 4:24 PM
Alphabet GOOGL.O shares dipping 0.4% on Thurs after report the EU drafting second fine for its Google unit under Digital Markets Act
Second fine would follow recent 2.95-bln-euro ($3.45 bln) penalty for favoring own ad tech services over rivals
New charges focus on Google vertical search engines, with Commission saying co gave unfair advantage to own services
GOOGL stock up ~30% YTD, outperforming Nasdaq .IXIC which is up 16%
Stock down about 3% since notching a record high close on Sept. 19
Stock recently at 24x expected earnings, just above 5-yr avg PE of 22
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