Welcome to the Capital Note, a newsletter about business, finance, and economics. On the menu today: the EU goes after Google, China clobbers crypto, and the hurdles to Bitcoin as digital gold. To sign up for the Capital Note, follow this link.
EU Google Investigation
A week after France’s $270 million fine against Google for alleged monopolistic practices on its ad platform, the European Commission has announced a formal investigation into the company. The Wall Street Journal reports:
The European Commission, the EU’s top antitrust enforcer, said Tuesday that its investigation, which has been under way informally since at least 2019, will look at a