EU Fines Google $1 Billion

The European Union fined Google a record 890 million euros, equivalent to more than $1 billion, for violating the Digital Markets Act by illegally favoring its own services in search results and restricting app developers on the Google Play Store.

The penalty marks the latest in a series of European antitrust actions against major technology companies.

Regulators found that Google's practices stifled competition and harmed consumers by limiting choice.

The fine underscores the EU's aggressive stance on reining in the market power of Big Tech firms.