In tech news, Google and Apple are facing billions of dollars in fines after losing their respective appeals against the European Union. The European Court of Justice ruled Apple must pay 13 billion euros in back taxes to Ireland in a legal case that spanned 10 years as it went through the appeals process.
Separately, Google must pay a 2.4 billion euro fine for favoring its own price-comparison shopping service over its rivals. This comes as Google’s second major antitrust suit brought by President Biden’s Justice Department kicked off Monday. At issue is Google’s monopoly over the digital advertising industry. Last month, a federal judge ruled Google operated an illegal monopoly in the online search industry.