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🇪🇺 Google just got its first fine under a law specifically built to stop Big Tech from favoring itself.
$1 billion. For its favor.
This one's specifically about self-preferencing, Google ranking its own Shopping, Flights, and Hotels services above competitors in search.
GOOGL is down over 4% today.
The EU's been building this case since March 2024. Google had over two years to fix it before the bill came due.