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.
Subscribe to:
Post Comments (Atom)
Jean Claude Juncker’s extortion department in Brussels is working overtime, yikes!
ReplyDelete