Wednesday, July 18, 2018

BREAKING: EU Penalizes Google a Record $5 Billion


This is a developing story. Return to this post for updates.

UPDATE 1

The European Union has fined  Alphabet Inc.’s Google with a record antitrust fine of €4.34 billion ($5.06 billion).

UPDATE 2

Via The Wall Street Journal:

The EU’s antitrust regulator has been looking into whether Google had abused the dominance of its Android operating system, which runs more than 80% of the world’s smartphones, to promote and entrench its own mobile apps and services—particularly the company’s search engine.

UPDATE 3

RW note: How outrageous. It is not as though EU consumers don't have options. It is just that Google brings to market the product package most EU consumers prefer.

This sends a disturbing chilling effect on great enterprise in the EU zone.