Saturday October 31, 2020

Google figures still rising despite price pressure

Web giant's parent Alphabet easily paid an EU fine that would have crippled other multinationals

30th July, 2017

In the space of a single financial quarter, Google and its parent company Alphabet have had to deal with a boycott from some of the world’s biggest advertisers and a multibillion-euro fine from the European Commission. But neither of those is the biggest issue facing the company right now.

The €2.42 billion ($2.7 billion) fine certainly took a bite out of Alphabet’s quarterly profit. Results published during the week showed the regulatory intervention...

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