The Week Ending June 30
Topping this week's roundup of those having a rough week is Google, which was hit with a huge $2.7 billion fine by the European Commission for alleged antitrust violations.
Also making the list this week were Lumenate, which suffered a significant setback in bankruptcy court; Kaspersky Lab, which is facing legislation in the U.S. Congress that could prevent it from selling software to the U.S. Department of Defense; Tintri, which delayed its IPO and reduced the expected price of its shares; and companies hit by this week's Petya ransomware attack.
Not everyone in the IT industry was having a rough go of it this week. For a rundown of companies that made smart decisions, executed savvy strategic moves – or just had good luck – check out this week's 5 Companies That Came To Win roundup.