Friday, June 02, 2017

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Google gets busted?
“The EU competition authority accused Google in April 2015 of distorting internet search results to favour its shopping service, harming both rivals and consumers,” reported the Independent on Friday. “The US company has in the past rejected the charges, saying that regulators ignored competition from online retailers Amazon and eBay.”

The Independent continued to claim in their report that “Fines for companies found guilty of breaching EU antitrust rules can reach 10 per cent of their global turnover, which in Google’s case could be about $9bn of its 2016 turnover.”

“Apart from the fine, the Commission will tell Google to stop its alleged anti-competitive practices but it is not clear what measures it will order the company to adopt to ensure that rivals get equal treatment in internet shopping results,” they explained. “The regulator could set out general principles or specific instructions for Google to follow, said an observer.”
Don't be evil, they said...

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