NYSE Trader: Google-EU Fines Seems Like a One-Off
The EU's fine of $5 billion against Alphabet's Google isn't likely to reignite broader regulation concerns in the tech sector, according to a trader based on the floor of the New York Stock Exchange.
The EU's fine of $5 billion against Alphabet's Google (GOOGL) - Get Report isn't likely to reignite broader regulation concerns in the tech sector, according to a trader based on the floor of the New York Stock Exchange.
"This seemed like a one-off," said Virtu Financial's Matthew Cheslock, adding that the fine didn't hit Alphabet's stock too hard.
Alphabet is a holding of Jim Cramer's charitable trust.
Want exclusive investing insight from Jim Cramer? Get 24/7 access to Jim's charitable trust portfolio with a free trial to Action Alerts PLUS!
