Google loses $2.7 billion antitrust fight in EU after seven years (9to5google.com)

submitted 1 month ago by GreenEngineering3475@lemmy.world to c/google@lemmy.world

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After 7 years, Google has lost its antitrust fight in the EU over Search, with a $2.7 billion fine on the table.

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[-] juliebean@lemm.ee 6 points 1 month ago

does that kind of a fine, after delaying payment for 7 years, even matter to a giant like google?

[-] MTK@lemmy.world 6 points 1 month ago

Yes, but not really.

Google's market cap is at 1.8 trillion.

This would like an average person getting a 100 dollar fine maybe. Which sounds like nothing, and it kind of is, but also even though the market cap is that high, 2.7 billion is still a big number that would cause issues with investors, board members, etc.

But really, not that big of a deal for google IMO.

this post was submitted on 10 Sep 2024

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