Thank You Baker!
Mastercard Slapped With $650 Million Antitrust Fine By European Commission
It might be surprising to see that Mastercard basically didn’t suffer on the stock market today despite over half-a-billion dollar fine, and this is because they preempted it by outlining it in the fourth quarter of 2018, so shareholders and investors saw this coming a mile away. In fact, the firm noted the possibility of the fine in 2017 and “up to $1 billion” so today’s news could even been seen as mildly positive for Mastercard bulls.
https://wccftech.com/mastercard-slapped-with-650-million-antitrust-fine-by-european-commission/
(Futures show the DOW down 301.87 but MC hit is only 0.06)
https://www.marketwatch.com/investing/stock/ma