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AP

Google is beginning to appeal the massive $2.7 billion European Union fine it was hit with earlier this summer for abusing its search practices. In a form filed with the SEC, the tech giant says its parent company Alphabet, "will review the formal decision, but expects that it will accrue the fine in the second quarter of 2017."

In response to the fine in June, Google said it thinks the EU undervalues Google's shopping and search experience for consumers, arguing that its success doesn't mean it favors itself — "it's the result of hard work and constant innovation."

Why it matters: Google's response indicates that it expects to lose the appeal, but is fighting the fine because it believes its search practices are lawful. The fine, while much larger than expected, won't make that much of a dent in Google's bank account overall.

As Axios reported earlier this year, the bigger concern for Google is that the EU regulators' aggressive move will nudge U.S. counterparts to take a closer look at industry dynamics and whether the dominant tech firms use their growing troves of data and increasingly sophisticated algorithms to skew competition more broadly. Smaller firms like Yelp and have spent several years lobbying the EU to act, as U.S. regulators have been reluctant to take on tech giants — though they're now beginning to take a more critical look.

Go deeper

Updated 7 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: Large coronavirus outbreaks leading to high death rates — Coronavirus cases are at an all-time high ahead of Election Day — U.S. tops 88,000 COVID-19 cases, setting new single-day record.
  2. Politics: States beg for Warp Speed billions.
  3. World: Taiwan reaches a record 200 days with no local coronavirus cases.
  4. 🎧Podcast: The vaccine race turns toward nationalism.

Technical glitch in Facebook's ad tools creates political firestorm

Facebook CEO Mark Zuckerberg. Photo: SOPA Images / Contributor

Facebook said late Thursday that a mix of "technical problems" and confusion among advertisers around its new political ad ban rules caused issues affecting ad campaigns of both parties.

Why it matters: A report out Thursday morning suggested the ad tools were causing campaign ads, even those that adhered to Facebook's new rules, to be paused. Very quickly, political campaigners began asserting the tech giant was enforcing policies in a way that was biased against their campaigns.

8 hours ago - Health

States beg for Warp Speed billions

A COVID-19 drive-thru testing center yesterday at Hard Rock Stadium in Miami Gardens. Photo: David Santiago/Miami Herald via AP

Operation Warp Speed has an Achilles' heel: States need billions to distribute vaccines — and many say they don't have the cash.

Why it matters: The first emergency use authorization could come as soon as next month, but vaccines require funding for workers, shipping and handling, and for reserving spaces for vaccination sites.