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Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggs

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Even as Elon Musk calls philanthropy ‘very hard,’ everyday Americans gave a record $617 billion—despite feeling the squeeze over the cost of living

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Meet the Zillennials: The luckiest micro-generation in the workforce, born between 1993 and 1998
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Google hit with $272 million fine by EU in long-running feud with French publishers

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March 20, 2024, 11:05 AM ET
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France’s competition watchdog hit Google on Wednesday with another big fine tied to a long-running dispute over payments to French publishers for their news.

The French Competition Authority said it issued the 250 million euro ($272 million) penalty because of Google’s failure to comply with some commitments it made in a negotiating framework.

The dispute is part of a larger effort by authorities in the European Union and around the world to force Google and other tech companies to compensate news publishers for content.

The U.S. tech giant was forced to negotiate with French publishers after a court in 2020 upheld an order saying payments were required by a 2019 European Union copyright directive.

Google said in a blog post that it agreed to settle the fine, which was imposed over how it conducted the negotiations, “because it’s time to move on.” It said the fine was “not proportionate” to the issues raised by the French watchdog and “doesn’t sufficiently take into account” Google’s efforts to answer and resolve the concerns.

France was the first of the EU’s 27 nations to adopt the copyright directive, which lays out a way for publishers and news companies to strike licensing deals with online platforms.

Wednesday’s decision by the French Competition Authority is the fourth in as many years against Google for failing to comply with the EU legal framework that aims to establish “necessary conditions for balanced negotiations between press agencies, publishers and digital platforms.”

The French antitrust agency had issued temporary orders to Google in April 2020 to hold talks within three months with news publishers. In 2021, the agency fined Google 500 million euros ($592 million) for failing to negotiate a fair payment for publishers’ news.

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