EU fines Google $1B for self-preferencing. Alphabet's odds of being the second-largest company by market cap drop to 2.1% YES.

EU plans to fine Google under the Digital Markets Act. Alphabet as second-largest company by market cap on July 31 at 3.3% YES.

The EU fined Google €890 million under the Digital Markets Act for search self-preferencing and Play Store restrictions, its first DMA penalty.