Google parent dips $17 billion in value on $2.7 billion fine
The market capitalisation of Google's parent company Alphabet tanked by 2.47% or nearly $17 billion in a day after the European Commission handed it a record fine of $2.7 billion on Tuesday. Google was hit with the biggest fine for a single company in an EU antitrust case for abusing its dominance as a search engine to promote own services.