Shares in Alphabet hit a blip after a record US$2.7bn fine was imposed on its subsidiary Google by the EU’s competition authority. European Commissioner Margarethe Vestager said Google had abused its dominance as a search engine to boost its own shopping comparison product. Following the move, Alphabet’s A shares fell 4.9% on the week in US dollar terms, underperforming the wider US market. Still, in the year to date, Alphabet shares are up 18.3% – more than double the rise enjoyed by the S&P 500 stock index and Googlewell ahead of the 8.5% gain by the technology-rich Nasdaq Composite.