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Author: Raine    Date: 07/23/2026 13:04:44

The EU is not messing around. They warned Google and its parent company, Alphabet Inc., about breaking antitrust laws, and the EU followed through. Today it was 1 billion dollars. That's not exactly chump change.
The European Union on Thursday hit Google with a fine of 890 million euros ($1 billion) after it said the technology behemoth broke digital antitrust regulations by setting up Google Play and its ubiquitous search engine to corral consumers towards its own services and apps to the detriment of competitors.

It was the latest major crackdown on Big Tech by Brussels, which has led the world in reining in some of the world’s largest companies from Silicon Valley to Beijing.

It has done so despite the risk of incurring the wrath of President Donald Trump, who has lashed out at the 27-nation bloc’s digital regulations amid a broader campaign against Europe: imposing high tariffs, making threats to seize Greenland from Denmark by force, and rattling trust within the NATO military alliance.

(snip)

Google had recently lost its appeal of a $4.5 billion antitrust fine imposed by the EU for throttling competition and reducing consumer choice through the dominance of its mobile Android operating system.

The European Commission, the bloc’s executive branch and highest antitrust enforcer, said it was acting in the interest of consumers after an investigation of Google.
. Remember when I said that it wasn't chump change? There is this:

Wow, Google's free cash flow is negative for the first time in over 10 years because of their relentless spending on AI products no one wants

"Alphabet's spending on AI is now expected to hit as much as $205b...Alphabet's combined quarterly revenue hit $119.8b."

www.bbc.com/news/article...

[image or embed]

— Dom Ervolina (@dominicervolina.com) July 23, 2026 at 7:01 AM


Oh well.

&
Raine

 
 

1 comments (Latest Comment: 07/23/2026 14:03:42 by Will_in_Ca)
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Comment by Will_in_Ca on 07/23/2026 14:03:42
Good morning, bloggers!!!

It is time that we rein in the power of corporations. We need to reject and repeal the policies of the Reagan era and start breaking up monopolies --- as well as end the Reagan tax cuts. It is time that we bring an end to Gilded Age 2.0.