Google fined $1 bn (over Rs 7,000 cr) in France within a year – Why?

In less than a year, Google has been fined thrice with a total amount close to $1 bn (Rs 7260 cr) in France. The fine imposed on Google is nothing new as there are a series of fines imposed on Google by competition watchdogs of European Union and various other nations including India, USA, Italy etc. for adopting unfair business practices. Was Google fined in France thrice for unfair business practices or for something else? This article will let you know the reasons behind the penalties imposed on Google in France.

Big Tech Companies Flourished amid COVID, Had a Blockbuster Pandemic Year

When the COVID pandemic brutally destroyed the world economy and companies across the globe, the tech companies flourished in this pandemic that started in early months of 2020. The global shift in habits helped the big tech companies Google, Amazon, Facebook, Apple and Microsoft (GAFAM), earned unexpected revenues in the pandemic year, better than normal years. The Tech giants – Amazon and Apple posted record revenues with both companies topping $100 billion in quarterly revenue for the first time in the final quarter of 2020. These companies earned over Rs 1.5 cr to Rs 6 cr per minute with net profit increment in the range of 44% to 220% in Q1 of 2021.