posted in Technology
Google Hit With $1 Billion EU Fine as US Antitrust Cases Mount
www.kqed.org/news/12092364/google-hit-with-1-billion-eu-fine-as-us-antitrust-cases-mount
www.kqed.orgGoogle Hit With $1 Billion EU Fine as US Antitrust Cases Mount | KQEDEuropean regulators fined Google over favoring its own services in search results and restricting app developers. Both practices have already been fought over in Bay Area federal court.
Replying to @sanitation@lemmy.today
They’re increasing fines but not enough. That’s still cost of doing business to Google.
Replying to @db2@lemmy.world
They made over 30 billion of purr profit last year. $1B, which may or not get collected is laughable. As you said, cost of doing business.
Replying to @db2@lemmy.world
I think the EU are just trying to get some of the money quickly before Google spends all of it on AI
GizmodoGoogle Free Cash Flow Turns Negative Due to Massive AI SpendIn a company first, Google ended a quarter with negative free cash flow, while upping expenses to $200 billion.While the fine is just as “slap in the wrist”, nothing will change.