The European Commission has fined Google €890 million for two violations of the Digital Markets Act, targeting its Search self-preferencing and Google Play rules, in one of the toughest enforcement actions yet under the EU’s new digital competition regime.

Demo

News

Alphabet shares fell about 7% as heavy AI-related capital spending pushed free cash flow negative for the first time since 2004, even as revenue rose 24% to $119.8 billion and Google Cloud revenue surged 82%. Investors balked at higher 2026 capex guidance and rising debt, while analysts cut price targets but kept Overweight ratings.

AI Trends

Spotlight

The Deccan Founders Briefing

Subscribe to Our Newsletter

Smart takes on startups, tech, and founders. No noise.

Free. Daily. Unsubscribe anytime.