Google Loses EU Antitrust Fight; Softbank Moves on Computing Power | Stock Movers
On this episode of Stock Movers:
- SoftBank (SFTBY) shares are responding to news that it is starting a new U.S. venture to rent out the computing power needed to build and run artificial-intelligence models, aiming to capitalize on strong American demand for AI computing resources.
- Shares of Alphabet/Google (GOOG) are responding to the company losing its long-running fight against a €4.1 billion ($4.7 billion) European Union antitrust fine after the bloc’s top judges said regulators were right to punish the US giant for abusing Android’s market power. (Source: Bloomberg)
Google Loses EU Android Appeal
- Google loses legal fight over 4.1 billion-euro EU antitrust fine CNBC —
- Google lost its final E.U. appeal over a €4.1 billion Android antitrust fine Quartz —
- Google loses final appeal to overturn €4.1 billion EU fine BleepingComputer —
- Google loses fight against EU’s record $4.7B fine over alleged antitrust practices NY Post —
- EU top court dismisses Google fight against record fine RTE —