Alphabet (GOOG) Stock: EU Fine Triggers Up to $10 Billion in Damage Claims

TLDR

• Alphabet faces up to $10 billion in private lawsuits across Europe following its $1 billion DMA fine
• A Berlin court already awarded German price comparison site Idealo €465 million in damages
• A Stockholm court ordered Google to pay roughly $1.97 billion to PriceRunner, including interest
• Alphabet reported Q2 EPS of $9.11, beating estimates of $2.87, with revenue up 24.2% year-over-year to $119.80 billion
• Analyst consensus remains “Buy” with an average price target of $410.09; stock opened at $326.57 Tuesday

Alphabet is facing a growing pile of legal claims in Europe after its first fine under the Digital Markets Act opened the door to a wave of private damage suits. The $1 billion DMA penalty — issued for favouring its own services and restricting app developers from directing users to cheaper alternatives outside Google Play — has given rivals fresh legal ammunition.

Lawyers and litigation financiers say cases are already filed in at least six countries, with more being prepared. The total damages being sought could reach $10 billion.

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