Google’s European Fines: How to Lose Billions and Still Keep Smiling
Google’s wallet gets lighter as the European Commission fines them €2.95 billion for adtech shenanigans. Accused of anti-competitive antics, Google plans to appeal, claiming there’s “nothing anticompetitive” about helping ad buyers and sellers. Meanwhile, Europe’s regulators seem to have a knack for finding spare change in Google’s couch cushions.
Hot Take:
Oh Google, it seems you’ve been caught with your digital pants down once again! The European Commission is giving you a hefty financial slap on the wrist, and you’re still sticking to your guns, claiming you’re just an innocent tech giant. Maybe it’s time to start playing nice in the digital sandbox, or you’ll need a bigger piggy bank for all these fines!
Key Points:
- The European Commission fined Google €2.95 billion for abusing dominance in the digital advertising market.
- Google has been ordered to halt anti-competitive practices and mitigate adtech conflicts of interest.
- Google plans to appeal the decision, arguing that it unjustly harms European businesses.
- This is the fourth major fine Google has faced from the EU for market dominance abuses.
- France’s CNIL also fined Google €325 million for privacy violations related to Gmail ads.
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