<p><strong>字母表</strong>(GOOG -3.68%) (GOOGL -3.89%) 的股票在交易週末並沒有以高昂的姿態收尾。這家谷歌母公司的兩隻上市股票當天均下跌近 4%，這在很大程度上歸因於監管方面的發展。這些下跌明顯超過了 <strong>標準普爾 500 指數</strong> 當天 0.2% 的跌幅。</p>
<h2>一個不吸引人的請求？</h2>
<p>字母表的核心業務單位谷歌被要求向歐盟支付 41 億歐元（47 億美元）的罰款，因為歐盟在 2018 年裁定該公司通過其 Android 移動操作系統積極抑制搜索引擎競爭。這家科技巨頭對此並不意外，已經對該罰款提出上訴。</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>圖片來源：Getty Images。</p>
<p>該上訴目前正在歐盟最高法院，即歐洲聯盟法院（CJEU）待審。</p>
<p>對於谷歌/字母表來説，這無疑是一個挫折，CJEU 的首席顧問——法院的最高顧問官——建議駁回谷歌的上訴。在她的建議中，朱莉安娜·科科特表示：“谷歌在 Android 生態系統的多個市場中佔據主導地位，因此受益於網絡效應，使其能夠確保用户使用谷歌搜索。”</p>
<p>儘管科科特的建議並不具約束力，但 CJEU 的法官通常會接受並遵循法院顧問官的建議。</p>
<p>字母表尚未對其上訴的最新進展公開發表評論。</p>
<h2>一次休息就足夠了</h2>
<p>字母表在罰款上確實獲得了一些緩解，因為罰款金額從最初的超過 43 億歐元（49 億美元）略微減少至目前的 41 億歐元。</p>
<p>這家公司雖然龐大而強大，但在上訴失敗的可能情況下，完全能夠承擔這筆罰款。然而，敗訴將顯示字母表在面對歐盟等反競爭訴訟時的持續脆弱。</p>

谷歌-C

谷歌-A

<p>Alphabet 的股票在週五下跌近 4%，顯著低於標準普爾 500 指數的 0.2% 的跌幅。這一下跌受到歐盟對其 Android 操作系統施加的 41 億歐元罰款的影響。歐盟法院的總檢察長建議駁回 Alphabet 對該罰款的上訴，儘管這一建議並不具約束力，但法院通常會遵循。儘管罰款從超過 43 億歐元減少，但如果上訴失敗，將凸顯 Alphabet 在反競爭訴訟中的脆弱性</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%) 的股票在交易週末並沒有以高昂的姿態收尾。這家谷歌母公司的兩隻上市股票當天均下跌近 4%，這在很大程度上歸因於監管方面的發展。這些下跌明顯超過了 <strong>標準普爾 500 指數</strong> 當天 0.2% 的跌幅。</p>
</div><h2>An unappealing request?</h2>
<div class="lb-trans"><h2>一個不吸引人的請求？</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>字母表的核心業務單位谷歌被要求向歐盟支付 41 億歐元（47 億美元）的罰款，因為歐盟在 2018 年裁定該公司通過其 Android 移動操作系統積極抑制搜索引擎競爭。這家科技巨頭對此並不意外，已經對該罰款提出上訴。</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>圖片來源：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>該上訴目前正在歐盟最高法院，即歐洲聯盟法院（CJEU）待審。</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>對於谷歌/字母表來説，這無疑是一個挫折，CJEU 的首席顧問——法院的最高顧問官——建議駁回谷歌的上訴。在她的建議中，朱莉安娜·科科特表示：“谷歌在 Android 生態系統的多個市場中佔據主導地位，因此受益於網絡效應，使其能夠確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>儘管科科特的建議並不具約束力，但 CJEU 的法官通常會接受並遵循法院顧問官的建議。</p>
</div><p>Alphabet has not yet publicly commented on this latest development in its appeal.</p>
<div class="lb-trans"><p>字母表尚未對其上訴的最新進展公開發表評論。</p>
</div><h2>One break was enough</h2>
<div class="lb-trans"><h2>一次休息就足夠了</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>字母表在罰款上確實獲得了一些緩解，因為罰款金額從最初的超過 43 億歐元（49 億美元）略微減少至目前的 41 億歐元。</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>這家公司雖然龐大而強大，但在上訴失敗的可能情況下，完全能夠承擔這筆罰款。然而，敗訴將顯示字母表在面對歐盟等反競爭訴訟時的持續脆弱。</p>
</div>

Why Alphabet Stock Flopped on Friday

- Alphabet 股價下跌近 4%，因面臨 41 億歐元罰款。  
- 歐盟法院建議駁回谷歌的上訴，稱其在市場中占主導地位。  
- 若上訴失敗，Alphabet 將面臨反競爭訴訟的持續風險。  

為什麼 Alphabet 的股票在星期五下跌