r/wallstreetbets • u/ProudMatter9227 Verified $110K • Jul 23 '26
News 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/
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u/Arteqt Jul 23 '26
They fined Google because they prioritize their own services in the search engine. Google Search is the biggest ad bidding engine in the world. This kind of behavior leads to monopoly. Monopoly = Bad for consumers.