Economy Country February 05, 2025

Alphabet Shares Drop Over 9%

Alphabet Inc., the parent company of Google, saw its shares plummet by more than 9% following the close of Tuesday's trading session, raising concerns among investors.


Alphabet Shares Drop Over 9%

Shares of Alphabet, the parent company of Google, fell by more than 9% after the closing of trading on the secondary market. This occurred due to a blow from South Korea, which imposed a fine of 177 million dollars on Alphabet for violations of the regulation on the use of mobile devices with the Android operating system.

Analysts also note that this is the largest monetary sanction that South Korea has ever imposed against a technology company for violations of legislation.

"This is a serious blow for Alphabet, and it reflects the increasingly rigid regulation with which technology companies are confronted in various countries of the world," analysts noted.