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Tech Stocks Swing as Crypto Rises | Business and Finance News
Description
Alphabet takes a hit after losing a major antitrust case in Europe, facing a €4.1 billion fine — a fallout from 2018 allegations it favored its own apps on Android. Meanwhile, Bending Spoons’ IPO sees a sharp 7% dip despite a 40% surge on day one. On the bright side, AeroVironment soars 4% after landing a $500M U.S. Army drone defense contract. Bitcoin’s rally hits $61K, lifting crypto stocks like Strategy and Coinbase, while Robinhood gains on Mizuho’s bullish outlook. Memory chip makers keep sliding as investors cash out ahead of Q2.
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