The EU fined Google $1 billion for prioritizing its own services in search results, a case that started with the Google Shopping complaint.
Snapshot · This Week in Tech (Audio)
The EU fined Google $1 billion for prioritizing its own services in search results, a case that started with the Google Shopping complaint.
Where this was said
At 1:39:15 · chapter starts 1:36:29
Leo walks through Alphabet's stunning quarterly earnings: profit quadrupled to $112 billion, driven by AI-powered search and advertising. But markets were unimpressed because the company simultaneously raised its capital expenditure forecast to as much as $205 billion — up from an earlier $190 billion projection — and had already raised $80 billion selling stock to fund data centers. Devindra raises the environmental angle: AI data centers are consuming enormous electricity and fresh water, undermining every major tech company's climate commitments. Alan notes Microsoft bought a nuclear power plant. The panel debates whether the AI spending boom is rational or bubble-like, with Leo pointing out Google's current stock price at $319 is well off its 52-week high of $404. [1] — Leo Laporte "Google CapEx forecast: $195–205B: Alphabet raised its 2026 capital expenditure forecast to $195–205 billion, double what it spent the previ…" 1:37:10
Alphabet reported $112 billion in profit for a single quarter, quadrupling year-over-year, attributed to AI investments paying off.
Alphabet posted $112 billion in quarterly profit, a 400% year-over-year increase. But the market sold off the stock when the company raised its 2026 CapEx forecast to $195–205 billion — double the prior year. Google also raised $80 billion selling stock to fund its data center build-out.
Alphabet raised its 2026 capital expenditure forecast to $195–205 billion, double what it spent the previous year, causing a stock decline.
A total of 8 states have filed lawsuits against social media platforms, including an ongoing case in Tennessee, using product liability and public nuisance theories to seek accountability.
France built 56 nuclear plants in the 1970s and now has the cheapest energy in Europe, making it independent of Russian or Middle Eastern energy geopolitics.
Estonia has a single tax form, a law preventing the government from asking citizens for the same information twice, and a flat rate of tax — enabling competitive taxation.
Portugal's Lisbon, once a city with a major heroin problem, legalised drugs and redirected enforcement spending into rehabilitation and housing, dramatically reducing crime.
The first Boland Amendment banning CIA and Defense Department funds for the Contras passed the House unanimously — yet the Reagan administration ignored it.
Over just two years, Saudi Arabia alone donated $32 million to the Contra rebels, giving loosely affiliated factions millions they had no way to spend on arms.
The National Endowment for the Preservation of Liberty raised $6.3 million for the Contras but only $3.3 million reached them — a shockingly low 52% program expense rate.
Richard Secord and Albert Hakim marked up their arms shipments to the Contras by as much as 300%, making enormous personal profits from the covert operation.
Lieutenant Colonel Oliver North, tapped to run the entire covert Contra support operation, had no prior experience in covert operations whatsoever — he was learning as he went.
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