EU hits Google with €2.95bn fine despite Trump threats

0

The EU slapped Google with a massive 2.95 billion euro ($3.47 billion) antitrust fine for favouring its own advertising services on Friday, despite President Donald Trump’s warnings not to target US big tech.

Google immediately vowed to appeal the decision by the European Commission, which accused the US firm of distorting competition in the 27-nation bloc.

“Google abused its dominant position in adtech, harming publishers, advertisers, and consumers. This behaviour is illegal under EU antitrust rules,” EU competition chief Teresa Ribera said.

The fine comes despite threats by Trump to go after Europe for regulations seeking to rein in US tech giants — and follows days of hesitation on the European side over moving ahead with the sanction.

Earlier this week it emerged that the EU’s trade chief had hit pause on the fine seemingly for fear of US retaliation — exposing divisions within the bloc’s executive team.

The EU is still waiting for the United States to make good on a promise to lower tariffs on cars under a trade deal agreed in July.

Brussels had been probing Google over adtech since 2021 and in 2023 recommended the company sell part of its ad services to ensure fair competition.

Google, a subsidiary of US tech giant Alphabet, said the commission’s decision was “wrong” and it would appeal.

“It imposes an unjustified fine and requires changes that will hurt thousands of European businesses by making it harder for them to make money,” said the firm’s global head of regulatory affairs Lee-Anne Mulholland.

“There’s nothing anticompetitive in providing services for ad buyers and sellers, and there are more alternatives to our services than ever before.”

Friday’s announcement marked the third fine announced in a week against the Alphabet-owned Google.

A US federal jury on Wednesday ordered Google to pay about $425 million for gathering information from smartphone app use even when people opted for privacy settings.

The same day, France’s data protection authority fined the search giant 325 million euros for failing to respect the law on internet cookies.

The group notched a major win, however, on Tuesday when a US judge rejected the American government’s demand that Google sell its Chrome web browser as part of an antitrust case.

The landmark ruling, which came after Google was found to have illegally maintained monopolies in online search through exclusive distribution agreements, did, however, impose sweeping requirements to restore competition in the area.

-Advertisement-

Grab our latest Magazine, "Chief Wole Olanipekun, CFR, SAN, A man of wide horizons and deep intentions". Get your order fast and stress free. Newswire mag

For more details about Newswire Law&Events Magazine, kindly reach out to us on 08039218044, 09070309355. Email: newswiremagazine@yahoo.co.uk. You will be glad you did

Do you want to be heard, your events covered, your articles published, or need to advertise your products and services on our Blog and Magazine, reach out to us at Newswire Law and Events, you will be glad you did. For more details about our services, please call: 08039218044, 09070309355. Email: newswiremagazine@yahoo.co.uk