Speaking exclusively to Benzinga in response to a recent FT article discussing a potential Google Inc. break up, Tigress Financial Partners Chief Investment Officer Ivan Feinseth said that while the European Parliament might force Google Inc (NASDAQ: GOOG) to break up in Europe, Parliament can’t control what the company does in the rest of the world.
“They’ve called for a lot of companies which had dominant positions for years to break up, and it’s never happened,” according to Feinseth.
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The Tigress analyst pointed out that while there have been cases where companies unbundled services, he has seen no instances of such companies breaking up. According to the FT report, a draft motion has called for the unbundling of search engines from other commercial services.
“I don’t really know what other commercial services they provide within the search engine, other than the advertising business,” Feinseth said. “Google Mail is not in the search. It’s separate,” he said.
Feinseth beleives a break up may not be possible and doesn’t know how European regulators would enforce such a measure if the motion gets approved.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.