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    GOOGL   US02079K3059

ALPHABET INC.

(GOOGL)
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Delayed Quote. Delayed Nasdaq - 09/27 04:00:00 pm
2821.44 USD   -0.80%
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Alphabet : EU gives Google 2 months to improve hotel, flight search results

07/26/2021 | 08:41am EDT
FILE PHOTO: Google app is seen on a smartphone in this illustration

BRUSSELS (Reuters) - Alphabet unit Google has two months to improve the way it presents internet search results for flights and hotels and explain how it ranks these or face possible sanctions, the European Commission and EU consumer authorities said on Monday.

The world's most popular internet search engine has long faced scrutiny from antitrust enforcers and consumer groups around the world over its business practices, which in some cases have landed it with hefty fines.

The latest grievance centres on the prices on its services Google Flights and Google Hotels.

The final prices for these should include fees or taxes that can be calculated in advance, while reference prices used to calculate promoted discounts should be clearly identifiable, the EU executive and national consumer watchdogs, led by the Dutch agency and the Belgian Directorate General for Economic Inspection, said in a joint statement.

"EU consumers cannot be misled when using search engines to plan their holidays. We need to empower consumers to make their choices based on transparent and unbiased information," EU Justice Commissioner Didier Reynders said.

The agencies also told Google to revise the standard terms of its Google Store because some cases showed that traders have more rights than consumers.

If Google's proposals are not sufficient, the agencies will discuss the issue further with the company and may impose sanctions.

Google said in a statement: "We welcome this dialogue and are working closely with consumer protection agencies and the European Commission to see how we can make improvements that will be good for our users and provide even more transparency."

(Reporting by Foo Yun Chee; editing by Barbara Lewis)

By Foo Yun Chee


ę Reuters 2021
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Analyst Recommendations on ALPHABET INC.
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Financials (USD)
Sales 2021 250 B - -
Net income 2021 68 646 M - -
Net cash 2021 140 B - -
P/E ratio 2021 27,9x
Yield 2021 -
Capitalization 1 884 B 1 884 B -
EV / Sales 2021 6,96x
EV / Sales 2022 5,87x
Nbr of Employees 144 056
Free-Float 93,1%
Chart ALPHABET INC.
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Alphabet Inc. Technical Analysis Chart | GOOGL | US02079K3059 | MarketScreener
Technical analysis trends ALPHABET INC.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 45
Last Close Price 2 821,44 $
Average target price 3 201,73 $
Spread / Average Target 13,5%
EPS Revisions
Managers and Directors
Sundar Pichai Chief Executive Officer & Director
Ruth M. Porat Chief Financial Officer & Senior Vice President
John LeRoy Hennessy Chairman
Louis John Doerr Independent Director
Ann Mather Independent Director
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