Google to challenge a fine from the European Commission

The American company Google intends to challenge the decision of the European Commission on a fine of 4.34 billion dollars for violating the antitrust laws of the European Union. Google CEO, Sundar Pichai, strongly disagrees with this decision, as today there are more than 24,000 Android-devices and 1.3 different brands that can modify the Android system based on their preferences. Google also believes that the EC violates the balance of the Android system.

Since the beginning of the week, Google shares have increased by 1.3% and will continue to grow based on the news. Trading will be available during the American session, from 13:40 to 20:00 GMT.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions