Alphabet(US:GOOG) Zheng Quan Shi Bao·2025-09-06 12:58Group 1 - The European Commission announced a fine of €29.5 billion (approximately ¥247 billion) against Google for abusing its dominant position in the advertising technology market [2][3] - The fine was based on allegations that Google prioritized its own services in the online advertising market, harming competitors, advertisers, and online publishers, thus damaging fair competition [3] - The fine amount was determined using the European Commission's 2006 Fine Guidelines, considering factors such as the duration and severity of the violation, as well as Google's past penalties for similar abuses [3] Group 2 - Google plans to appeal the European Commission's decision, claiming it is erroneous [4] - Following the announcement, Google's stock price rose by 1.16%, reaching a closing price of $235 per share, with a total market capitalization of $2.84 trillion (approximately ¥20 trillion) [4] - U.S. President Trump criticized the fine as "extremely unfair" and threatened to initiate a "301 investigation" against the EU, which could lead to unilateral sanctions [6][7] Group 3 - Trump emphasized that the U.S. government would not tolerate what he described as discriminatory actions against American companies, highlighting that this fine is part of a broader trend of penalties against U.S. tech firms by Europe [6][7] - The "301 investigation" is authorized under the U.S. Trade Act of 1974, allowing the U.S. Trade Representative to investigate "unreasonable or unfair trade practices" by other countries [6]