The European Commission has fined Google €2.42 billion for
breaching EU antitrust rules. Google has abused its market
dominance as a search engine by giving an illegal advantage to
another Google product, its comparison shopping service.
The company must now end the conduct within 90 days or face
penalty payments of up to 5% of the average daily worldwide
turnover of Alphabet, Google’s parent company.
The euro and dollar remain roughly in balance — that’s about $2.7 billion today. My guess is Google just shrugs this off, pays the fine, and goes right back to promoting its own stuff in search results. (E.g. they favor their own local business listings over, say, Yelp’s.)