Google wins legal challenge against 1.49bn euro fine

Published On Sep 18, 2024, 4:20 AM

Google has successfully contested a €1.49 billion fine imposed by the European Union over claims that it abused its market power by restricting rival online search advertisers from displaying ads between 2006 and 2016. The ruling from Europe's second-highest court annulled the fine, although it upheld many of the EU's findings. This comes amid ongoing scrutiny of Google’s ad practices, with additional legal challenges from the UK and the US concerning anti-competitive behavior.

Read full article

Stock Forecasts

GOOGLView GOOGL chart on TradingView

Positive

Following this legal victory, Google may experience a short-term boost to investor confidence, which could lead to a rise in its stock price as concerns over regulatory pressures diminish.

Related News

Google stock will surge despite DOJ's breakup push: D.R. Barton | Fox Business Video

Woodshaw Financial Group principal D.R. Barton analyzes the election betting market and weighs in on Google's possible breakup on 'Varney & Co.

GOOGL

Wall Street shrugs at Google’s legal setbacks isn't denial, it's pragmatism: Morning Brief

Oct 10, 2024, 5:59 AM

As the Justice Department seeks to possibly break up Google, the search giant's parent company's stock has barely moved.

GOOGL

Why Breaking Up Google Would Be Difficult

Oct 9, 2024, 8:11 AM

The Justice Department could push for the tech giant to sell off a business to end its lock on online search. But a move would be tough to pull off.

GOOGL