Google’s quarterly report adds line on ‘European Commission’ and tells you why America’s tariff and Visa war on Europe and Europeans may not end soon
Google reportedly paid $10.5 billion as fine in Europe. According to an X (formerly Twitter) post shared by The Kobeissi Letter, the US tech giant has added a literal line item in their quarterly reports called “European Commission fines.” According to it, Google has paid $10.5 billion in EU fines as of September 30th. “The EU has become so heavily regulated that fines are a ‘normal’ line item now. What is happening in Europe?,” the post reads.
The Kobeissi Letter also shared a screenshot from a Google quarterly report that shows “European Commission fines” under the “Accrued Expenses and Other Current Liabilities”.
