Gadgetory

alphabet reports 26 billion dollars in revenue earnings reports can be quite dull for a lot of companies but alphabet on the other hand is not like most for the quarter ending June 30th alphabets revenues were up 21 percent compared to the same time last year that twenty six billion dollar revenue figure builds in a two point seven four billion dollar fine issued by the European Commission the Commission found that Google was favoring its own shopping services in its search results over those of rivals the fine is the biggest antitrust penalty the EU has ever applied to a single company the European Commission also said Google must change its practices or else it could face further penalty payments the fine was accrued during alphabets last fiscal quarter and the company may appeal the ruling alphabets chief financial officer Ruth Porat said we're still early in our analysis of the decision and next steps google is also facing another find by the european commission over unfair practices revolving around android some reports say that penalty could be larger than the record-setting 2.74 billion dollar fine for more information check out cnet.com Amaya's act on i'll see you online