Why Alphabet Stock Is Under Attack

Shares of internet search giant Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) fell 5% in early trading on the Nasdaq Wednesday, probably because of press reports of new governmental action against the tech giant in Europe that emerged midday Tuesday. As of 10:50 a.m. EST, shares of the Google parent company remain down 2.9%. As Business Insider reported early in the day, the European Commission has asked "a host" of advertising firms to comment on Google's practices in Europe, specifically, how Google runs its digital advertising service and how it gathers data on consumers.