News Summary

• The European Commission announced this week that it's fining Google €2.95 billion (just under $3.5 billion) The commission found that Google had violated European Union antitrust rules by favoring its own advertising services.
• This is the EU’s second largest antitrust fine ever (behind a $5 billion fine against Google in 2018).
• The decision was criticized not just by Google, but also by U.S. President Donald Trump, who complained in a Truth Social post about the “many other Fines and Taxes that have been issued against Google and other American Tech Companies”