hit with $530 million fine from Spanish regulators

The Spanish National Markets and Competition Commission found that infringed on competition law in that country

Feb 23, 2024

Spanish regulators levied a $530 million fine against in the fourth quarter in a draft decision. “We could not disagree more with this draft decision and the arbitrarily large fines that they have proposed, which is completely disproportionate to the alleged conduct,” Booking Holdings CEO Glenn Fogel told financial analysts during the company’s fourth-quarter earnings call Thursday.

The fine in Spain comes on top of the European Union’s looming regulatory action against based on the Digital Markets Act.

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