Google's Record €4.1 Billion EU Fine Upheld

The European Court of Justice has upheld a €4.1 billion fine imposed on Google in 2018 for abusing its dominant position with its Android operating system. The court rejected Google's appeal, making the penalty final. The European Commission had argued that Google violated competition rules by requiring Android device manufacturers to pre-install its search engine and browser, thereby restricting consumer choice and hindering rival search engines from entering the market. Following the ruling, Google maintained that Android offers users more choices, but the court dismissed this argument. The company warned that the decision could negatively impact innovation in the tech sector. This ruling stands as one of the most concrete examples of the EU's antitrust policies against major technology companies. Google has previously faced fines of €2.4 billion and €1.5 billion for similar reasons. This is not investment advice.

📊 GOOGL — Piyasa Yorumu

▼ down · 60%

The news points to a significant regulatory penalty for Google, which could create short-term pressure on the stock. Although the RSI is at 58, indicating a neutral zone in technical indicators, the MACD remains below the signal line, suggesting weakening momentum. The price is just above the 20-day moving average, but with the penalty news, there is a risk of slipping below this level. Despite a 1.9% rise in the last 24 hours, the negative news flow may increase selling pressure in the short term.

RSI 14

58.1

MACD

1.89

24h Δ

1.92%

📊 GOOG — Piyasa Yorumu

▼ down · 65%

The record €4.1 billion fine imposed on Google could create short-term pressure on the stock. Technically, while the RSI at 56 remains in neutral territory, the MACD has started to dip below the signal line, indicating weakening momentum. The price is just above the 20-day moving average, but with this news, the risk of testing the $355 support level increases. The magnitude of the fine and the perception of continued EU regulatory pressure could negatively impact investor confidence.

RSI 14

56.4

MACD

1.56

24h Δ

1.43%

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