Alphabet Inc. (NASDAQ:GOOGL) is one of the Best WallStreetBets Stocks to Invest In. On September 25 (updated as of September 26), Reuters reported that Alphabet Inc. (NASDAQ:GOOGL)’s Google might see its first fine under landmark new EU tech rules over the coming months, and the European Commission has been drafting the decision. The Commission fined Google 2.95-billion-euro ($3.45 billion) earlier this month.
Reuters also highlighted that the looming new fine is associated with the charges brought in March that Google favoured its vertical search engines, including Google Shopping, Google Flights, and Google Hotels, over rivals. Notably, the new case against Google was brought under the EU’s Digital Markets Act. This Act explains the dos and don’ts for tech companies and was entered into force in 2023.
Notably, Alphabet Inc. (NASDAQ:GOOGL)’s Google will be the third US tech giant to be fined under the Act after penalties were given to Apple and Meta Platforms earlier this year, added Reuters. Alphabet Inc. (NASDAQ:GOOGL)’s Google can still avert a fine if it brings an improved proposal. SaltLight Capital, an investment management company, released its Q2 2025 investor letter. Here is what the fund said:
“To illustrate our approach to navigating these uncertainties, we turn to our recent investment in Alphabet Inc. (NASDAQ:GOOGL), which exemplifies balancing innovation risks with established strengths.
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