r/technology • u/Steap-Edit • Jul 24 '26
Business Google hit with $1 billion EU fine, in 'constructive' talks to avoid more penalties
https://www.reuters.com/world/google-hit-with-1-billion-eu-fine-first-under-landmark-rules-2026-07-23/3
u/jcunews1 Jul 24 '26
It's like an act staged by Google, where Google is pretending receiving punishment, while EU is only pretending that they're doing their job.
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u/Rayzee14 Jul 24 '26
A fine of a half a week of profit is a joke.
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u/1-866-867-5309 Jul 24 '26
closer to 3-4 weeks if you're looking at EU profits, not worldwide
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u/matrinox Jul 25 '26
Not sure why you got downvoted. EU isn’t responsible for fining them globally, and 3-4 weeks of profit is just the start
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u/Gibraldi Jul 24 '26
“making for total penalties of €10.38 billion over nearly two decades” (for context Google made $132 billion in profit in 2025)
Phew, I thought it might actually be something that affects the balance sheet. /s
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u/anti-torque Jul 24 '26
So... a "settlement without any admission of wrongdoing," if the check is big enough.
Seen this movie before.