Google Poised To Settle EU Anti-Trust Probe

Posted by samzenpus on Wednesday January 29, 2014 @10:38PM from the working-it-out dept.

Rambo Tribble writes "Reuters is reporting that concessions by the Internet giant have paved the way for a resolution to the long-standing European Union investigation into Google's alleged anti-competitive practices. From the article: 'A settlement with the European Union's regulator would mean that Google, the world's biggest internet search engine, would escape a possible fine of as much as $5 billion or 10 percent of its 2012 revenue. Such an outcome would mirror the company's success in the United States last year where it received only a mild reprimand from the Federal Trade Commission, which said Google had not manipulated its website results following a 19-month investigation.'"

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10% of Revenue! by fuzzyfuzzyfungus · 2014-01-29 22:43 · Score: 5, Insightful

Clearly Google should get into a less risky business, like laundering money for drug cartels, if they are facing potential penalties of that magnitude...
1. Re:10% of Revenue! by Opportunist · 2014-01-29 22:53 · Score: 5, Insightful
  
  They should rather open up an investment bank. If you fuck up there, you actually GET money from the government.
  
  --
  We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.
2. Re:10% of Revenue! by fuzzyfuzzyfungus · 2014-01-29 23:09 · Score: 4, Insightful
  
  Not only that, you get bailouts and get to bitch about the moral hazard of any aid to people who aren't you on the finance-fluffer TV networks. How's that for a sweet gig?