Alphabet Inc. Class A (GOOGL)

Index:

Nasdaq 100

$ 176.06
   
  • Change Today:
    $1.88
  • 52 Week High: $176.26
  • 52 Week Low: $116.45
  • Currency: US Dollars
  • Shares Issued: 12,460m
  • Volume: 24,446,276
  • Market Cap: $2,193,708m
  • RiskGrade: 150

Apple, Meta, Alphabet face EU probe under digital markets law

By Frank Prenesti

Date: Monday 25 Mar 2024

LONDON (ShareCast) - (Sharecast News) - The European Union said it had started investigations into Google owner Alphabet, Apple and Meta over potentially uncompetitive practices.
The trio are being probed for possible breaches of the EU's Digital Markets Act (DMA) and come three weeks after the bloc fined Apple €1.8bn (£1.5bn) for breaking competition laws over music streaming.

EU antitrust boss Margrethe Vestager and industry head Thierry Breton announced the ned investigations on Monday.

Apple also faces a major lawsuit in the US after the government accused it of monopolising the smartphone market.

The first two probes focus on Alphabet and Apple and relate to "anti-steering rules" where firms are not allowed to block businesses from telling their users about cheaper options for their products or about subscriptions outside of an app store.

"The way that Apple and Alphabet's implemented the DMA rules on anti-steering seems to be at odds with the letter of the law. Apple and Alphabet will still charge various recurring fees, and still limit steering," EU competition chief Margrethe Vestager told reporters.

Reporting by Frank Prenesti for Shrecast.com

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

GOOGL Market Data

Currency US Dollars
Share Price $ 176.06
Change Today $ 1.88
% Change 1.08 %
52 Week High $176.26
52 Week Low $116.45
Volume 24,446,276
Shares Issued 12,460m
Market Cap $2,193,708m
RiskGrade 150

What The Brokers Say

Strong Buy 18
Buy 23
Neutral 10
Sell 0
Strong Sell 0
Total 51
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Trades for 17-May-2024

Time Volume / Share Price
16:00 100 @ $176.13
15:59 100 @ $176.10
15:59 2,980 @ $176.10
15:59 100 @ $176.11
15:59 100 @ $176.11

Top of Page