Leila Abboud
Big fines can change Big Tech
Multimillion-euro fines can force Big Tech companies to change their behaviour despite their deep pockets, according to French Competition Authority President Isabelle de Silva. She does not believe sanctions could be played down as merely “the cost of doing business,” breaking away from the consensus in the European Union, where competition officials have struggled for years to contain the market power of Big Tech despite levying billions of euros of penalties. Since June 2021, her office has hit Google with €720 million in fines in two separate cases.