Google faces years of EU oversight on top of record antitrust fine | Reuters
Beyond a headline-grabbing 2.4 billion euro ($2.7 billion) fine EU antitrust regulators have leveled against Google, the internet giant is likely to be shackled for years by Tuesday’s precedent-setting decision defining the company as a monopoly.The ruling opens the door for further regulatory actions against more crucial parts of Google’s business mobile phones, online ad buying and specialized search categories like travel – while easing the standard of proof for rivals to mount civil lawsuits showing Google has harmed them.So far, investors have shrugged off the EU’s threatened crackdown, with Google’s holding company Alphabet’s shares down 1.8 percent in early U.S. trade amid a continued selloff in technology stocks. The stock has doubled in the two years since European authorities vigorously stepped up investigations of it.It trades just behind rival Apple as the world’s most valuable stock with a $666 billion market capitalization.
Källa: Google faces years of EU oversight on top of record antitrust fine | Reuters
