Opera Loses EU Antitrust Fight Over Microsoft Edge, Court Rules Browser Not a Gatekeeper
OPRA sits 60% above its 52-week low of $11.71.
Summary
Opera lost its EU antitrust challenge against Microsoft's Edge browser, with the General Court upholding a decision that Edge is not a 'gatekeeper' under the Digital Markets Act. This ruling is a setback for Opera, as it fails to impose stricter regulatory obligations on a key competitor. For Microsoft, the decision avoids potential regulatory burdens on its browser, though the impact on the trillion-dollar company is minor.
At the time of this announcement, OPRA was trading at $18.71 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.7B. The 52-week trading range was $11.71 to $21.06. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Benzinga.