Jul
19
A Brief History of the Impact of E.U. Antitrust Fines on Tech Stocks
ByThe European Union on Wednesday continued its attempts to rein in Silicon Valley’s tech giants — but history suggests that investors have little to fret.
The European Commission, the bloc’s executive arm, hit Google with a record $5.1 billion fine on Wednesday. Antitrust officials argued that the technology company had broken the law by striking deals with smartphone manufacturers that favored Google services, like its Chrome browser, over those offered by rivals. The commission claimed that the arrangement had shut out competition and helped Google remain dominant in the industry…
A Brief History of the Impact of E.U. Antitrust Fines on Tech Stocks
