Google shares are sliding into late session after a CNBC report states 50 attorney generals are expanding their investigation into the technology company's search and Android businesses:
50 ATTORNEYS GENERAL PROBING GOOGLE PREPARING TO EXPAND ANTITRUST PROBE BEYOND CO'S ADVERTISING BUSINESS - CNBC
50 ATTORNEYS GENERAL INVESTIGATING GOOGLE PREPARING TO EXPAND ANTITRUST PROBE TO DIVE MORE DEEPLY INTO CO'S SEARCH & ANDROID BUSINESSES- CNBC
The investigation is being led by Texas Attorney General Ken Paxton, who has recently focused on investigating Google’s advertising business.
Several attorney generals in a recent meeting made the decision to expand the investigation into Google’s search and Android businesses, the sources said.
Google shares still ended higher on the day.
Investors clearly think Google is too-big-to-care.