Google will soon face a $1 billion fine from the European Commission. Google was accused of abusing its dominant position to skew search engine results to favor its own and partner’s shopping services. Besides that, the European Commission accused Google of imposing the advertising and blocking the competitors during the search queries. The fine will have a negative impact on Google shares.
Over the past couple days, Google (Alphabet) shares dropped by 1,7% and continue its negative trend. The trade will be available during American session from 14:40 to 21:00 GMT.
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