• Europe's competition czar is wrong - it's long past time to break up Google

    3 monthes ago - By Business Insider

    European Commission competition chief Margarethe Vestager on Monday announced a $5 billion fine against Google for illegally using its dominance of smartphone operating systems to thwart rivals.
    Although this was the second multi-billion dollar fine in two years against the company for anticompetitive behavior, Vestager dismissed the idea that regulators ought to be pursuing a breakup of the company.
    But that position is wrong-headed, because the actions taken against Google so far have done little to constrain its behavior and have left its ill-gotten dominance of particular markets...
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  • Europe's competition czar is wrong - it's long past time to break up Google

    Europe's competition czar is wrong - it's long past time to break up Google

    3 monthes ago - By Business Insider

    European Commission competition chief Margarethe Vestager on Monday announced a $5 billion fine against Google for illegally using its dominance of smartphone operating systems to thwart rivals.
    Although this was the second multi-billion dollar fine in two years against the company for anticompetitive behavior, Vestager dismissed the idea that regulators ought to be pursuing a breakup of the company.
    But that position is wrong-headed, because the actions taken against Google so far have done little to constrain its behavior and have left its ill-gotten dominance of particular markets...
    Read more ...

     

  • Business Highlights

    Business Highlights

    3 monthes ago - By Chron

    EU fines Google a record $5 billion over mobile practices
    BRUSSELS - The European Union has fined Google a record $5 billion for forcing cellphone makers that use the company's Android mobile operating system to install Google apps. The EU says that has reduced choice for consumers. Wednesday's ruling caps three years of investigation and means Google will have to change its ways. The company has appealed the decision.
    Auto industry cries foul as Trump moves toward car tariffs
    WASHINGTON - Having started a trade war with China and enraged U.S. allies with steel tariffs, President Donald...
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  • A Brief History of the Impact of E.U. Antitrust Fines on Tech Stocks

    3 monthes ago - By NY Times

    European officials have fined Google a record $5.1 billion. History suggests the company's share price won't be affected.
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  • Google Fined $5 Billion By E.U. For Breaking Antitrust Rules

    3 monthes ago - By NPR

    The European Commission alleges that by forcing device makers to install Google apps on Android devices it gains a significant advantage over competitors. Google plans to appeal.
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  • This chart shows how dominant Google is in Europe and the UK: About 9 out of every 10 consumers there use Google's search engine

    3 monthes ago - By Chron

    Europe's competition watchdog sent a message to Google in the form of a record $5 billion antitrust fine for abusing its power in one market to strengthen its role in a few others.
    As this chart from Statista shows, Google clearly dominates a few European and UK consumer markets. Even in areas where Android smartphone ownership dips, Google's search engine is used by at least 9 out of every 10 consumers, and its browser is used by four times as many users worldwide as the next leading browser, according to StatCounter data. But in a 2016 investigation, the European Commission concluded...
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  • Europe hits Google with record $5 billion antitrust fine, appeal ahead

    3 monthes ago - By Reuters

    European antitrust regulators fined Google a record 4.34 billion euro on Wednesday and ordered it to stop using its popular Android mobile operating system to block rivals, a ruling which the U.S. tech company said it would appeal.
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  • This chart shows how dominant Google is in Europe and the UK: About 9 out of every 10 consumers there use Google's search engine

    This chart shows how dominant Google is in Europe and the UK: About 9 out of every 10 consumers there use Google's search engine

    3 monthes ago - By Business Insider

    Europe's competition watchdog sent a message to Google in the form of a record $5 billion antitrust fine for abusing its power in one market to strengthen its role in a few others.
    As this chart from Statista shows, Google clearly dominates a few European and UK consumer markets. Even in areas where Android smartphone ownership dips, Google's search engine is used by at least 9 out of every 10 consumers, and its browser is used by four times as many users worldwide as the next leading browser, according to StatCounter data. But in a 2016 investigation, the European Commission concluded...
    Read more ...

     

  • 'This is a pro-Amazon ruling':' Here's what Wall Street is saying about Google's record-breaking $5 billion fine

    'This is a pro-Amazon ruling':' Here's what Wall Street is saying about Google's record-breaking $5 billion fine

    3 monthes ago - By Business Insider

    Google has been fined a record $5 billion by the European competition watchdog for abusing the dominance of its mobile operating system, Android.
    The search giant was accused of forcing smartphone makers like Samsung and Huawei to preinstall its services, such as Google Search and Google Maps, on Android.
    Most Wall Street analysts aren't concerned about the company's ability to pay the fine, but say Amazon will benefit the most from the decision.
    Follow Alphabet's stock price in real-time here.
    The European competition regulator handed down a record-breaking fine of 4.3 billion euros to...
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  • 'This is a pro-Amazon ruling':' Here's what Wall Street is saying about Google's record-breaking $5 billion fine

    'This is a pro-Amazon ruling':' Here's what Wall Street is saying about Google's record-breaking $5 billion fine

    3 monthes ago - By Business Insider

    Google has been fined a record $5 billion by the European competition watchdog for abusing the dominance of its mobile operating system, Android.
    The search giant was accused of forcing smartphone makers like Samsung and Huawei to preinstall its services, such as Google Search and Google Maps, on Android.
    Most Wall Street analysts aren't concerned about the company's ability to pay the fine, but say Amazon will benefit the most from the decision.
    Follow Alphabet's stock price in real-time here.
    The European competition regulator handed down a record-breaking fine of 4.3 billion euros to...
    Read more ...

     

  • 'This is a pro-Amazon ruling':' Here's what Wall Street is saying about Google's record-breaking $5 billion fine

    'This is a pro-Amazon ruling':' Here's what Wall Street is saying about Google's record-breaking $5 billion fine

    3 monthes ago - By Business Insider

    Google has been fined a record $5 billion by the European competition watchdog for abusing the dominance of its mobile operating system, Android.
    The search giant was accused of forcing smartphone makers like Samsung and Huawei to preinstall its services, such as Google Search and Google Maps, on Android.
    Most Wall Street analysts aren't concerned about the company's ability to pay the fine, but say Amazon will benefit the most from the decision.
    Follow Alphabet's stock price in real-time here.
    The European competition regulator handed down a record-breaking fine of 4.3 billion euros to...
    Read more ...