Google loses legal fight over 4.1 billion-euro EU antitrust fine
Europe's top court on Thursday dismissed Alphabet unit Google's fight against a record fine imposed by EU antitrust regulators eight years ago for using its Android mobile operating system to block rivals.
Alphabet Inc. (GOOG) concluded the recent trading session at $357.89, signifying a +1.29% move from its prior day's close.
Alphabet (NASDAQ:GOOG | GOOG Price Prediction) is one of the cleanest bull setups in mega-cap tech right now.
Alphabet (GOOGL) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Alphabet (NASDAQ:GOOGL | GOOGL Price Prediction) and Amazon (NASDAQ:AMZN) both dropped Q1 2026 results in late April.
Google has exceeded a five-year target to invest $1 billion in Africa, it said on Wednesday, as it made public initiatives on infrastructure and development of AI to accelerate the continent's digital growth.
Alphabet is rated a 'Hold' due to the extended valuation, despite robust business fundamentals and AI verticalization. GOOG's revenue is projected to grow 17%–20% annually through 2026, with stable operating margins in the low 30% range. The current valuation implies high single-digit returns, while much of the near-term upside appears to be priced in.
A Swedish market court on Wednesday ordered Google to pay some 14.3 billion kronor ($1.46 billion) in damages to price comparison site Pricerunner for promoting its own shopping comparisons in search results.
Klarna-owned price comparison website PriceRunner has prevailed in its antitrust lawsuit against Google. A Swedish court on Wednesday (July 1) awarded PriceRunner $1.9 billion, Klara said in a news release, calling it compensation for lost revenue from “Google's preferential treatment” of its comparison-shopping service over similar, independent services.
Alphabet (GOOGL) closed the most recent trading day at $357.37, moving +1.05% from the previous trading session.
Google on Tuesday released Nano Banana 2 Lite, the newest version of its in-house AI video and image generator. This version is significantly faster and more affordable than its previous release, the company claims.