European Commission will impose its first fine under the DMA on Thursday against Google (GOOGL), fine of up to ten percent of global annual revenue is possible, reports Handelsblatt

European Commission will impose its first fine under the DMA on Thursday against Google (GOOGL), fine of up to ten percent of global annual revenue is possible, reports Handelsblatt.

The imminent fine under the Digital Markets Act (DMA) against Google signifies a crucial regulatory step by the European Commission. This could set a precedent for future enforcement actions against major tech firms and signal an increasingly aggressive regulatory environment for the sector, potentially impacting investor sentiment towards not just Google, but an entire industry grappling with antitrust concerns.