Google Hit by Another E.U. Fine; Investors Don’t Bat an Eye

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