In the latest clash between European Union regulators and American corporations, Alphabet Inc.’s (NASDAQ:GOOGA) Google was hit with a $2.7 billion fine for illegally favoring its own shopping service when European shoppers searched for products online.
Like many investors with Wal-Mart Stores Inc.(NYSE:WMTA), Target Corp.(NYSE:TGTA) and The Kroger Co.(NYSE:KRC) stocks in their portfolios, Costco Wholesale Corp.(NASDAQ:COSTA) shareholders also have been worried about the impact of the upcoming Amazon.com Inc.(NASDAQ:AMZNC)Whole Foods Market(NASDAQ:WFMC) merger.
At Berkshire Hathaway Inc.’s (NYSE:BRK-BC)annual meeting in Omaha this past May the famed Oracle of Omaha said this: "The department store is online now. I have no illusion that 10 years from now will look the same as today, and there will be a few things along the way that surprise us."
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