|Bid||1,509.19 x 1200|
|Ask||1,510.35 x 900|
|Day's range||1,503.23 - 1,521.82|
|52-week range||1,013.54 - 1,586.99|
|Beta (5Y monthly)||1.04|
|PE ratio (TTM)||33.19|
|Forward dividend & yield||N/A (N/A)|
|1y target est||1,673.41|
As the antitrust drumbeat continues to pound on tech giants, with Reuters reporting comments today from the U.S. Justice Department that it's moving "full-tilt" on an investigation of platform giants including Google parent Alphabet, startups in Europe's travel sector are dialing up their allegations of anti-competitive behavior against the search giant. Google has near complete grip on the search market in Europe, with a regional marketshare in excess of 90% according to Statcounter. Unsurprisingly industry sources say a majority of travel bookings start as a Google search -- giving the tech giant huge leverage over the coronavirus-hit sector.
A tiff between Epic Games and Apple (NASDAQ: AAPL) and Alphabet's (NASDAQ: GOOGL) (NASDAQ: GOOG) Google spilled over into the courts Thursday. The publisher of the well-known battle royale game Fortnite had picked a fight with the tech giants earlier that day, adding a direct payment option and encouraging its mobile app users to bypass the regular payment process, violating app store rules. The move allowed Epic Games to cut Apple and Google out of the 30% royalty they collect on such in-game purchases, escalating the punch-up.
Investors who are giddy over Apple's recent blowout quarter might be ignoring a danger to one of the company's big growth drivers.