In recent years, the EU has repeatedly imposed heavy fines on "monopoly" companies. Google, Microsoft and Intel have all been issued sky high fines, and Google has become the focus of attention by the EU. In 2009, Intel was fined 1.06 billion euros. Then in 2017, Google broke this record, and was fined 2.42 billion days for giving priority to cooperative businesses in search results.
Now this record has been broken by Google itself. Recently, due to Android's use of Google search, the EU issued the heaviest ticket ever - 4.34 billion euros, almost 50% of Alphabet's second quarter revenue. However, this is not the most shocking thing. Apple, Google's old rival, is gradually paying 15 billion euros in taxes to the Irish government. The European Union is really "killing all" American technology companies.
Alphabet, Google's parent company, has just released its financial report for the second quarter of 2018. However, because Google included the EU's 4.34 billion euro super ticket in the second quarter, this financial report is somewhat different. Although the fine is deducted, this financial report is still strong. Its revenue increased by 26% compared with the same period last year, and its net profit was $3.195 billion, compared with $3.524 billion in the same period last year. However, this financial report did not have much impact on Alphabet's share price. After the opening, Alphabet's share price even increased significantly after the opening, but then decreased slightly. The total market value of Alphabet also stabilized at $837.67 billion. The original operating data excluding the 2.42 billion Euros tickets in Q2 2017 and 4.34 billion Euros tickets in Q2 2018 was that the net profit in Q2 2018 was 8.255 billion dollars, and the net profit in Q2 2017 was 6.260 billion dollars, an increase of 31.87% over the same period.
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