Google Shares Fall Ahead of 60 Minutes Feature on Antitrust Threat

May 17, 2018 5:18 AM2 commentsViews: 2

Google Shares Fall Ahead of 60 Minutes Feature on Antitrust Threat

 

The CBS news magazine 60 Minutes will lead its show Sunday with a segment on “The Power of Google,” and promises to talk to the company’s critics, who say it stifles competition, as well as the European Union’s antitrust chief.

Shares in Google’s parent company, Alphabet Inc., dipped about 1.7 percent in early trading Friday after the news was announced. The stock was trading down 1 percent to $1070.02 9:47 a.m. in New York.

Google, along with other U.S. tech giants like Facebook Inc., Apple Inc. and Amazon.com Inc., have come under scrutiny in recent months for becoming too big, and too dominant in many aspects of people’s daily lives. Google and Facebook for instance largely control the market for online advertising, fueled by information they collect on their billions of users, which feeds their bottom lines and has made them among the world’s most profitable companies.

Leave a Reply


amazing online casino games