These are basically meant as tarriffs, right?
> In 2018, the European Commission slapped Google with the record-breaking penalty on the grounds that it abused Android's mobile dominance...
What do you think?
No, but they'll be treated them as such by the administration, full of sound and fury, signifying nothing
More like an ATM. Need some money? Let an American tech company operate with no issue for years and then one day "whoa we checked and you've been violating <some vaguely-defined law about privacy> for years. Who knew? That'll be five billion Euros please."
No, these are anti-trust fines. If you want to participate in the EU zone, you can't have monopolistic behaviors. It might sound strange for the US, but you can't simply corner a market and then claim it's innovation and 'good for the customer'. The EU has a LONG history of these regulations, it's nothing new but the more rich a company becomes the more these fines are just the price of doing business.
Instead, here's a wild take. Why don't they just follow the regulations and continue to make profits.