<p><strong>字母表</strong>(GOOG -3.68%) (GOOGL -3.89%) 的股票在交易周末并没有以高昂的姿态收尾。这家谷歌母公司的两只上市股票当天均下跌近 4%，这在很大程度上归因于监管方面的发展。这些下跌明显超过了 <strong>标准普尔 500 指数</strong> 当天 0.2% 的跌幅。</p>
<h2>一个不吸引人的请求？</h2>
<p>字母表的核心业务单位谷歌被要求向欧盟支付 41 亿欧元（47 亿美元）的罚款，因为欧盟在 2018 年裁定该公司通过其 Android 移动操作系统积极抑制搜索引擎竞争。这家科技巨头对此并不意外，已经对该罚款提出上诉。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjI0NjUvanVkZ2UtYmFuZ2luZy1nYXZlbC1pbi1jb3VydC5qcGcmdz03MDA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjI0NjUvanVkZ2UtYmFuZ2luZy1nYXZlbC1pbi1jb3VydC5qcGcmdz03MDA"/></p>
<p>图片来源：Getty Images。</p>
<p>该上诉目前正在欧盟最高法院，即欧洲联盟法院（CJEU）待审。</p>
<p>对于谷歌/字母表来说，这无疑是一个挫折，CJEU 的首席顾问——法院的最高顾问官——建议驳回谷歌的上诉。在她的建议中，朱莉安娜·科科特表示：“谷歌在 Android 生态系统的多个市场中占据主导地位，因此受益于网络效应，使其能够确保用户使用谷歌搜索。”</p>
<p>尽管科科特的建议并不具约束力，但 CJEU 的法官通常会接受并遵循法院顾问官的建议。</p>
<p>字母表尚未对其上诉的最新进展公开发表评论。</p>
<h2>一次休息就足够了</h2>
<p>字母表在罚款上确实获得了一些缓解，因为罚款金额从最初的超过 43 亿欧元（49 亿美元）略微减少至目前的 41 亿欧元。</p>
<p>这家公司虽然庞大而强大，但在上诉失败的可能情况下，完全能够承担这笔罚款。然而，败诉将显示字母表在面对欧盟等反竞争诉讼时的持续脆弱。</p>

谷歌-C

谷歌-A

<p>Alphabet 的股票在周五下跌近 4%，显著低于标准普尔 500 指数的 0.2% 的跌幅。这一下跌受到欧盟对其 Android 操作系统施加的 41 亿欧元罚款的影响。欧盟法院的总检察长建议驳回 Alphabet 对该罚款的上诉，尽管这一建议并不具约束力，但法院通常会遵循。尽管罚款从超过 43 亿欧元减少，但如果上诉失败，将凸显 Alphabet 在反竞争诉讼中的脆弱性</p>

<p><strong>Alphabet</strong>(GOOG -3.68%) (GOOGL -3.89%) stock didn't finish the trading week on a high note. The Google parent company's two listed shares both sank by nearly 4% in price that day, thanks in no small part to a development on the regulatory front. Those declines were notably more pronounced than the <strong>S&amp;P 500</strong> index's 0.2% slip on the day.</p>
<div class="lb-trans"><p><strong>字母表</strong>(GOOG -3.68%) (GOOGL -3.89%) 的股票在交易周末并没有以高昂的姿态收尾。这家谷歌母公司的两只上市股票当天均下跌近 4%，这在很大程度上归因于监管方面的发展。这些下跌明显超过了 <strong>标准普尔 500 指数</strong> 当天 0.2% 的跌幅。</p>
</div><h2>An unappealing request?</h2>
<div class="lb-trans"><h2>一个不吸引人的请求？</h2>
</div><p>Alphabet's key business unit Google is on the hook to pay a 4.1 billion euro ($4.7 billion) fine to the European Union (EU), after it ruled in 2018 that the company actively stifled search engine competition with its Android mobile operating system. The tech giant has, not surprisingly, appealed that fine.</p>
<div class="lb-trans"><p>字母表的核心业务单位谷歌被要求向欧盟支付 41 亿欧元（47 亿美元）的罚款，因为欧盟在 2018 年裁定该公司通过其 Android 移动操作系统积极抑制搜索引擎竞争。这家科技巨头对此并不意外，已经对该罚款提出上诉。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjI0NjUvanVkZ2UtYmFuZ2luZy1nYXZlbC1pbi1jb3VydC5qcGcmdz03MDA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F822465%2Fjudge-banging-gavel-in-court.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><p>That appeal is now pending at the highest court in the EU, the Court of Justice of the European Union (CJEU).</p>
<div class="lb-trans"><p>该上诉目前正在欧盟最高法院，即欧洲联盟法院（CJEU）待审。</p>
</div><p>In what has to be considered a setback for Google/Alphabet, the CJEU's advocate-general -- the court's top advisory official -- recommended that Google's appeal be dismissed. In her recommendation, Juliane Kokott said that &#34;Google held a dominant position in several markets of the Android-ecosystem and thus benefited from network effects that enabled it to ensure that users used Google Search.&#34;</p>
<div class="lb-trans"><p>对于谷歌/字母表来说，这无疑是一个挫折，CJEU 的首席顾问——法院的最高顾问官——建议驳回谷歌的上诉。在她的建议中，朱莉安娜·科科特表示：“谷歌在 Android 生态系统的多个市场中占据主导地位，因此受益于网络效应，使其能够确保用户使用谷歌搜索。”</p>
</div><p>Although Kokott's recommendations are non-binding, CJEU justices typically accept and follow the advice of the court's advocate-general.</p>
<div class="lb-trans"><p>尽管科科特的建议并不具约束力，但 CJEU 的法官通常会接受并遵循法院顾问官的建议。</p>
</div><p>Alphabet has not yet publicly commented on this latest development in its appeal.</p>
<div class="lb-trans"><p>字母表尚未对其上诉的最新进展公开发表评论。</p>
</div><h2>One break was enough</h2>
<div class="lb-trans"><h2>一次休息就足够了</h2>
</div><p>Alphabet did get something of a break with the fine, as it was cut slightly from the original amount of over 4.3 billion euros ($4.9 billion) to the 4.1 billion euros currently hanging over it.</p>
<div class="lb-trans"><p>字母表在罚款上确实获得了一些缓解，因为罚款金额从最初的超过 43 亿欧元（49 亿美元）略微减少至目前的 41 亿欧元。</p>
</div><p>The company, sprawling and powerful as it is, can easily afford the fine in the likely case its appeal fails. However, a defeat would illustrate Alphabet's continued vulnerability to anti-competitive lawsuits like the EU's.</p>
<div class="lb-trans"><p>这家公司虽然庞大而强大，但在上诉失败的可能情况下，完全能够承担这笔罚款。然而，败诉将显示字母表在面对欧盟等反竞争诉讼时的持续脆弱。</p>
</div>

Why Alphabet Stock Flopped on Friday

- Alphabet 股价下跌近 4%，因面临 41 亿欧元罚款。  
- 欧盟法院建议驳回谷歌的上诉，称其在市场中占主导地位。  
- 若上诉失败，Alphabet 将面临反竞争诉讼的持续风险。  

为什么 Alphabet 的股票在星期五下跌