All posts on November, 2016


Tech Law

Google Cites Amazon Competition in Response to EU

Google last week filed a response in a 6-year-old antitrust battle with the EU, which has charged that its search ads unfairly promoted its own shopping service and blocked rivals. The response addresses a revision the EC sent to Google this summer. The commission’s original statement of objections narrowly defined online shopping services to exclude services like Amazon, Google noted.

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Wall Street

Facebook Share Price Falls Despite Blowout Quarter

Facebook on Wednesday reported a record Q3, beating analysts’ expectations for the fourth straight quarter, but concerns among investors about increased expenditures and the company’s future prospects drove down share prices. They closed Thursday at $119.95, down more than $7 from Wednesday’s closing price of $127.17. Friday saw little movement, with a closing price of $120.75.

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