Google is set to be hit by a large EU fine by the end of the year if it does not do more to ensure its app store complies with EU rules aimed at access and competition , Foo Yun Chee of Reuters reports, citing people with knowledge of the matter. A fine could heighten tensions between the country and the U.S., which recently said the EU has adopted laws against U.S. tech companies.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GOOG:
- Google names new chief of AI infrastructure buildout, Semafor reports
- Quantum Computing News: SandboxAQ Wins Pentagon Deal as $200 Million Flows Into Quantum Startups
- YouTube (GOOGL) TV Plans Bring Lower Prices and New Risk for Netflix Investors
- DA Davidson technology analysts hold an analyst/industry conference call
- Meta’s AI Ambitions Trigger an Internal Rift over Strategy and Spending