Google's record-breaking fine isn't hurting the company very much

For a company that was just hit with staggering $5 billion fine, Google and parent company Alphabet are as unbothered as ever. 

Alphabet reported its second quarter earnings Monday, just days after the European Commission announced a record-setting $5 billion fine against Google for Android antitrust violations. Though the company’s quarterly profits ultimately took a hit due to the fine, it still delivered better than expected results.

The company reported earnings of $11.75 per share, beating analysts’ estimate of $9.66, according to The Wall Street Journal. With the massive EU fine factored in, Alphabet’s per share profit declined to just $4.54. Read more…

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Source: Mashable | Google's record-breaking fine isn't hurting the company very much