EU fines Google $1 billion over its search and Play Store
European Union regulators fined Google €890 million last Thursday, saying the company broke the bloc’s digital competition law.
The penalty, worth about $1 billion, closes two investigations the European Commission opened in March 2024. Alphabet, Google’s parent company, takes in roughly that much revenue in a day.
@protonprivacy I do not understand when did we got to a point in giving big companies fines that they can recuperate in day while fining people for small law violations at least 10% of their monthly income.
And we don't even know how the money will be used by the EU.
@protonprivacy What about considering Big Tech as a terrorist and extremist organization? Russia has done that and Google owes them way more than to the EU.
@protonprivacy Nowadays, isn't a billion dollars to Google just chump change?
@protonprivacy revenue is not the same as profit. And right now google doesn't have any of that. That billion will sting because they need it for Gemini.