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Google (NASDAQ:GOOG) temporarily hit a new all-time high on Friday.
Shares briefly touched $775.17 before retreating slightly; they jumped up more than 2.5 percent on the news that the technology company is close to reaching a settlement with European Union regulators after a three-year long investigation.
Like the United States’ Federal Trade Commission, regulators in Europe have been concerned that the company has abused its dominant position in the search market by giving results from its own services, like maps or restaurant reviews, artificially high rankings. The Federal Trade Commission addressed its antitrust concerns at the beginning of this month, agreeing to a settlement that required Google to license patents and stop giving preferential treatment to its own services in search results.
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