Bearish
Alphabet's GOOGL stock drops 1.07% to $351.16 amid $463M EU fine and $205B capex hike
Alphabet's GOOGL stock declined by 1.07% to $351.16 following a €403 million ($463 million) fine from the European Union for mishandling user location data. Additionally, the company announced an increase in its 2026 capital expenditures to $205 billion, raising concerns about escalating costs.
Key points
- EU fines Alphabet €403 million for mishandling user location data.
- Alphabet raises 2026 capital expenditures to $205 billion, up from $180–190 billion.
- Alphabet's cloud sales increased by 82% year-on-year to $24.77 billion in Q2.
- Google's AI infrastructure, Gemini, now has 950 million monthly active users.
Sources
- Google hit with $463M fine for EU location data rule breachNew York Post · September 22, 2026
- GOOGL Drops Nearly 5% After-Hours — Alphabet Hikes 2026 Capex Spending To $205B, Sees Higher Spending In 2027TradingView News · September 22, 2026
- Alphabet Inc. (GOOGL) Stock Price, News, Quote & HistoryYahoo Finance · September 22, 2026
- Alphabet Inc. (GOOG) Stock Price, News, Quote & HistoryYahoo Finance · September 22, 2026
AI-generated from public news sources. Not financial advice.
