Google is back on the EU’s radar
The company is also under antitrust investigations by the U.S. Justice Department and 48 states
Stocks impacted: Alphabet Inc (GOOGL)
The EU commission, which is keeping a close eye on Google’s business model, launches another antitrust investigation, citing concern around data collection practices used by the search giant. In particular, the antitrust investigation is focused on data related to local search services, online advertising, online ad targeting services, login services, web browsers and others. European regulators have slapped Google with fines totaling more than $8 billion in recent years over antitrust issues. Besides, the company is also under antitrust investigations by the U.S. Justice Department and 48 states. For its part, Google reported that it uses data to better its services and that users can manage, delete and transfer their data at any time. During the previous session, shares of Alphabet Inc., the parent company of Google, finished 0.61% lower and could extend losses on Monday amid negative news.
Make profit on it right now!