EU fines Google $1 billion under landmark digital law
European regulators have fined Google
890 million euros ($1 billion), alleging the company gives preferential treatment to its own services.
The fine is Google’s first under the European Union’s sweeping Digital Markets Act (DMA) which aims to scrutinize Big Tech’s operating practices in Europe.
Shares of Google-parent Alphabet were around 4% lower in premarket trading, but that primarily reflected investor unease over rising AI spending outlined in the company’s earnings report on Wednesday.
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