EU fines Google €890M for breaching the Digital Markets Act
⚠️ We have fined Google €890 million for breaching the Digital Markets Act, by promoting their own services and restricting customer access to alternatives on Google Search and Google Play. More information: link.europa.eu/vrNJTx
And now the same for Meta, MS and all the others for breaking privacy protection, stealing content for the AI slop no one want etc. Don't fall for US 🤮
2024 Google services had a revenue of 84 billion, ~100 times more than the fine. And only services not Alphabet as a whole. If breaking the law has such small penalty is more a tax than a fine. Which is lame, criminals are free by having enough money.
Would be a lot cooler if you fined them for monopolizing Android and turning it more and more closed source... 3rd party Android distros will be effectively useless in the EU in probably a year thanks to Google Play Integrity (MAY still be hope for Graphene as they have an OEM partner lined up)
890m per year for how.many years? Google is.worth 4 trillion dollars apparently. This is less than 0.25% of thier value. Sure it's a lot of money but they made so so much more than that from thier illegal behavior. Make them pay back illgotten revenue and fine them on top
Now tax digital services in Europe and hold all digital services providers accountable for the content on their platforms!
Good, but they wont even notice. It needs to be 10x this fine.
If you think that European Commision is your friend here, then you should know that this is the 4th time they fined Google for the same thing and instead of escalating the consequences they just fined them 0.2% of their worth. It's a slap on the wrist.
Good! Now prepare for Trump.
Why aren't they being fined for doing the same thing in the UK, Jonny asked rhetorically?
There really is no downside here for the EC. Breaking up monopolies is good and something EC seems to actually take seriously Politically angering the orange monstrosity that govens the US is extremely popular in Europe
Things you love to see.
The European Commission fined Google €460 million for self-preferencing in Search and €430 million for Play Store steering restrictions. For Tech Policy Press, Megan Kirkwood breaks down the findings and what comes next.
Gotta add 2-3 zeroes on that
So unfair screams Google. Calls the White House to complain..
Google hit with $1 billion fine for breaking EU antitrust rules www.theverge.com/tech/943866/...
Enough to affect employee's salaries but not enough to affect executive bonuses.
Looks like Google ads just went up in Europe...
The European Commission has fined Google a total of €890mn for breaching the bloc’s digital rule book, while threatening to impose daily fines if the search engine company does not abide by its rules. Brussels on Thursday said Google gave preferential treatment to its own services,
including shopping, hotel, transport and sports results, over those of third parties in its search engine. The Trump administration, which has entered into a pact to defend the tech bros against EU regulation, is expected to strike back.
Am old enough to recall when Google said, "We are not evil".
Heck with Fines they just laugh off. JAIL TIME WILL END THIS.
EU fines Google €890m for competition breaches over search and apps
The company is worth 4.5 trillion. So this really doesn't matter at all. It's 0.022 percent of their total net worth.
Good start, but not enough.
Just a mere drop Google advertising revenue (including search, Youtube and Google Network) reached $81.6bn in the three months to 30 June. CEO Sundar Pichai said: "Our popular AI features are driving Search query growth" www.hollywoodreporter.com/business/bus...
Google got hit with one of those EU fines that sounds absolutely enormous until you look at how much profit Google made last quarter
yeah, but that's the thing - it's not just about the fine, it's about the precedent it sets for future regulation
Goodwill isn't listed on the P/L. When you see the part about binding up the developers to ensure competitors less expensive products were trashed... Consumer and public goodwill takes a big hit.
👉🏼 Self-preferencing in Google Search: People should see the best results, not Google’s favorite results. 👉🏼 Restrictions on steering in Google Play: Citizens deserve to know all options and developers should be free to talk to their customers. 2/2 ec.europa.eu/commission/p...
🔥 €890 million fine for Google, for breaches of the EU's Digital Markets Act. #DefendDemocracy #HandsOffOurEU🇪🇺
A small fine is a start, but saving the web and our information environment requires more ambitious approaches. We have the means, with the DMA as it exists, to be far more strategic in shaping a livable technological future. One such strategy, that also helps a lot for AI, is ftw.fund.