What's Going On With Microsoft Stock? Why An EU Investigation Doesn't Bode Well
Portfolio Pulse from Anusuya Lahiri
Microsoft Corp (NASDAQ:MSFT) stock is trading lower following reports of an EU investigation into the company's practices. The tech giant has previously faced penalties for breaching EU competition rules, including product bundling. The company's integration of Teams into its Office product has been a point of contention, with rival Slack alleging unfair practices. Microsoft has attempted to stave off investigation by offering to cut the price of its Office product without Teams, but the European Commission reportedly seeks a deeper price cut.
July 03, 2023 | 4:58 pm
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NEGATIVE IMPACT
Microsoft's stock is trading lower due to the ongoing EU investigation. The company's previous penalties and the controversy over Teams integration could potentially impact the stock negatively.
The ongoing EU investigation into Microsoft's practices, particularly the integration of Teams into its Office product, is causing uncertainty and negatively impacting the stock. The company's previous penalties for breaching EU competition rules also add to this negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Salesforce, parent company of Slack, could potentially benefit from the EU investigation into Microsoft's practices.
As the parent company of Slack, Salesforce could potentially benefit from the EU investigation into Microsoft's practices. If the investigation results in Microsoft being forced to sell Teams separately from its Office software, this could level the playing field for Slack.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50