What a fukking racket
America is built on gangsterism
Hold up, pay the fine or else what? Get invaded or something? Or prohibited from doing business in the US?
What a fukking racket
America is built on gangsterism
BRUSSELS — The European Union’s antitrust chief hit Google with a record $2.7 billion fine Tuesday, saying the powerful web-search leader illegally steered users toward its comparison shopping site and warning that other parts of Google’s business were in the crosshairs.
The fine is the largest the European Union has levied against a company for abusing its dominant position, and marked the latest confrontation over business practices between E.U. regulators and American tech giants. Google could face dizzying additional penalties if it loses an expected appeal and fails to comply.
“Google has abused its market dominance in its search engine by promoting its own shopping comparison service in its search results and demoting its competitors,” E.U. competition chief Margrethe Vestager told reporters in Brussels.
“What Google has done is illegal under E.U. antitrust rules. It has denied other companies the chance to compete on the merits and to innovate. And most importantly, it has denied European consumers the benefits of competition.”
The decision reinforced Vestager’s emerging role as the world’s most aggressive antitrust regulator, following on a $14.6 billion back-tax judgment against Apple last year.