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.
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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.

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