Sara Salinas, reporting for CNBC:
Google was hit with another fine from EU antitrust regulators
Wednesday, and investors didn’t bat an eye.
The stock rose 2 percent by the end of trading, outpacing Apple
and Microsoft for the day and adding nearly $17 billion to the
company’s market value. Google was fined about one-tenth of that
amount by the European Commission on Competition early Wednesday.
Investors don’t care about cash, they only care about future growth. Fines like this just don’t matter to Google or Facebook. Write a check, stay the course.
★ Wednesday, 20 March 2019