Google: Brace For Regulatory Armageddon (NASDAQ:GOOG) – Seeking Alpha
Summary
- Last month, Google lost an appeal in the General Court of the European Union and is now required to pay 4.125 billion for violating the EU antitrust rules.
- Investors should expect more regulatory actions against Google in the future, as antitrust watchdogs are on a quest to break the company’s monopoly in the digital ads market.
- Given Google’s dominant position in the market, additional regulations are the only major thing that can disrupt its operations in the foreseeable future.
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In my latest article on Alphabet Inc. (NASDAQ:GOOG)(NASDAQ:GOOGL) (“Google”), which was published last week, I highlighted the company’s dominant position in the digital ads market and how its business is able to continue to grow at a double-digit rate despite the turbulent macroeconomic environment. At the same time, I’ve also noted that the only major…
Read Full Story: https://seekingalpha.com/article/4547490-google-brace-for-regulatory-armageddon
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source: https://news.oneseocompany.com/2022/10/19/google-brace-for-regulatory-armageddon-nasdaqgoog-seeking-alpha_2022101933722.html
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