Google owner Alphabet's profits drop after $5bn fine but shares surge

Google owner Alphabet's profits drop after $5bn fine but shares surge

5 years ago
Anonymous $hM_jrxqbr-

https://www.theguardian.com/technology/2018/jul/23/google-alphabet-profits-5bn-fine-shares-surge

The European Union fined Google after accusing it of ‘serious illegal behaviour’, but investors shrugged off the fine

Google parent company Alphabet reported a sharp drop in profits on Monday as the company absorbed the likely $5bn cost of a record-breaking fine from European regulators.