Coughing Up Billions: The Pricey Ride of Google's Fine Spree Since 2017
Portfolio Pulse from Rounak Jain
Google has been fined over $10.63 billion since 2017 by regulators and courts around the world for various violations, including antitrust and anti-competition norms, patent, and privacy violations. Nearly 90% of these fines were imposed by European Union regulators, with the largest fines being $2.7 billion in 2017, $5.1 billion in 2018, and $1.7 billion in 2019.
June 23, 2023 | 2:09 pm
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Google has been fined over $10.63 billion since 2017 for various violations. The largest fines were imposed by EU regulators, with the biggest being $2.7 billion in 2017, $5.1 billion in 2018, and $1.7 billion in 2019.
The fines imposed on Google since 2017 have been significant, with the largest fines being related to antitrust and anti-competition violations. These fines can negatively impact the company's financials and reputation, potentially leading to a decrease in stock price. However, it is worth noting that in some instances, Google's share price did not experience significant declines following the announcement of these fines.
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