Google has been hit with a record-breaking €2.4 billion fine

Started by walkstall, June 27, 2017, 01:41:09 PM

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walkstall



Google has been hit with a record-breaking €2.4 billion fine by the EU over its antitrust.

snip~
The European Commission has hit Google with a record-breaking €2.4 billion (£2.1 billion, $2.7 billion) fine in an antitrust case.

Google has also been ordered to change its practices to promote the shopping services of its competitors or be fined up to 5% of worldwide daily turnover.

snip~
Google must now change its practices within 90 days or face daily "penalty payments" of up to 5% of the daily worldwide turnover of its parent company, Alphabet, the commission said. (In 2016, Alphabet's global revenue was $90 billion.)

more @
http://www.businessinsider.com/eu-fines-google-record-breaking-antitrust-shopping-case-2017-6
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Hoofer

Quote from: walkstall on June 27, 2017, 01:41:09 PM

Google has been hit with a record-breaking €2.4 billion fine by the EU over its antitrust.

snip~
The European Commission has hit Google with a record-breaking €2.4 billion (£2.1 billion, $2.7 billion) fine in an antitrust case.

Google has also been ordered to change its practices to promote the shopping services of its competitors or be fined up to 5% of worldwide daily turnover.

snip~
Google must now change its practices within 90 days or face daily "penalty payments" of up to 5% of the daily worldwide turnover of its parent company, Alphabet, the commission said. (In 2016, Alphabet's global revenue was $90 billion.)

more @
http://www.businessinsider.com/eu-fines-google-record-breaking-antitrust-shopping-case-2017-6

Welcome to European socialism, Google!   Political correctness didn't slow down the liberals a bit, if they can't "own" you, they'll fine you.
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