EU Hits Google With $3.5 Billion Antitrust Fine - TechStory
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Brussels levied a $3.5 billion fine against Google, citing violations of competition law tied to the company’s digital advertising operations.
  • mechoman444@lemmy.worldEnglish
    23·
    2 days ago

    3.5 billion.

    This isn’t a fine. This is just a windfall for the EU. The price of doing business.

    If they really wanted to hurt Google they’d demand a percentage of their quarterly profits. Say 10%. That would really make Google nervous.

    • masterofn001@lemmy.caEnglish
      19·
      2 days ago

      10% of gross revenue would be better.

      Profits can always be turned to “losses” with clever accounting and shell corps (see Hollywood accounting)

      And net values can always be offset by deductions and other costs.

      You can’t fuck with gross.