EU Top Court Rejects Google's Appeal Against €4.5 Billion Antitrust Fine

The European Union's highest court has dismissed Alphabet Inc.'s appeal against a €4.5 billion antitrust fine, upholding the European Commission's penalty for Google's anti-competitive practices related to its Android operating system. The court ruled that Google abused its market dominance by pressuring Android device manufacturers to pre-install its search engine and browser, thereby hindering competitors' market access. The European Commission originally imposed the fine in 2018, arguing that Google's licensing agreements contained anti-competitive clauses that restricted consumer choice. Google expressed disappointment but stated it respects the ruling, having previously argued that Android's open-source nature fosters competition and offers consumers more options. This decision is seen as a significant milestone in the EU's antitrust enforcement against big tech companies, with experts suggesting it could influence ongoing investigations into other technology giants. This is not investment advice.

📊 GOOGL — Piyasa Yorumu

▼ down · 60%

The news is seen as a significant regulatory blow to Google and could put pressure on the stock in the short term. Technical indicators suggest caution, with the RSI approaching overbought territory at 65.6 and the MACD nearing its signal line, which could be interpreted as a sign of weakening upward momentum. The 5.9% rise over the past 24 hours may set the stage for profit-taking. However, since the stock is trading above its 20- and 50-day moving averages, any decline is expected to be limited.

RSI 14

65.6

MACD

3.26

24h Δ

5.94%

📊 GOOG — Piyasa Yorumu

▼ down · 60%

The European Union's highest court has upheld a record €4.5 billion antitrust fine against Google, imposing a significant legal and financial burden on the company. This decision could create uncertainty among investors and put short-term pressure on the stock. Technically, while the RSI at 63.8 is approaching overbought territory, the MACD remains positive and the price is trading above its moving averages. However, the negative news flow, combined with signs of weakening technical indicators, supports a short-term bearish trend.

RSI 14

63.8

MACD

2.82

24h Δ

5.27%

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EU Top Court Rejects Google's Appeal Against €4.5 Billion Antitrust Fine

📊 GOOGL — Piyasa Yorumu

📊 GOOG — Piyasa Yorumu

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