Author Topic: Google has been hit with a record-breaking €2.4 billion fine  (Read 153 times)

Online walkstall

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 22996
  • Gender: Male
  • WYSIWYG


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
A politician thinks of the next election. A statesman, of the next generation.- James Freeman Clarke

Politics is supposed to be the second-oldest profession.  I have come to realize that it bears a very close resemblance to the first.  ~ Ronald Reagan ~

Always remember "Feelings Aren't Facts."

Offline Hoofer

  • Hero Member
  • *****
  • Posts: 4148
  • Gender: Male
  • HAM Radio - the last form of free expression
Re: Google has been hit with a record-breaking €2.4 billion fine
« Reply #1 on: June 27, 2017, 06:46:01 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.
All animals are created equal; Some just take longer to cook.   Survival is keeping an eye on those around you...

 

Powered by EzPortal