EU Strikes Google with $1 Billion Fine in Major Crackdown on Antitrust Regulations Even as Trump Threatens Retaliation The European Union's latest move against Big Tech has sent shockwaves through Silicon Valley, where Google faces a $1 billion fine for allegedly abusing its dominance to stifle competition.
The fine is part of the EU's broader effort to prevent tech giants from using their market power to crush smaller competitors.
At the forefront of regulating Big Tech, the European Union has taken on behemoths like Amazon and Facebook (now Meta).