EU Set to Hit Google With Record DMA Fine

Is the EU protecting fair competition or punishing American tech innovation?

Published MAY 26

EU Set to Hit Google With Record DMA Fine

story

Above: Google signage at the Google I/O Developers Conference in Mountain View, California, on May 19. Image credit: David Paul Morris/Bloomberg/Getty Images

The Spin

The DMA is doing exactly what fair markets require — forcing Google to stop rigging search results in its own favor and share data with rivals on equal terms. Allowing a single gatekeeper to control the digital economy's on-ramps is bad for competition and consumers. IfBinding binding enforcement with real fines is the only way to put an end to this state of affairs, then so be it.

European Commission European Commission

Slapping American tech companies with massive fines isn'tis regulation — it's a competitive weapon dressed up as policy. However,This itwill isbring a tool that brings no prosperity to the continent and only drivesdrive away investment. Instead, Europe should consider reducing its excessive regulations and bureaucracy if it is to have any hope of creating a more favorable and thriving business climate.