Google Poised To Settle EU Anti-Trust Probe
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.'"
Clearly Google should get into a less risky business, like laundering money for drug cartels, if they are facing potential penalties of that magnitude...
I wonder what that Yahoo boss thinks of Google, now that she's out of there.
One thing I can guarantee: This [settlement] won't be enough for Microsoft and its ilk.
It's impossible to manipulate what is already being manipulated.
ar3 a pathetic impaired
The EU should increase funding of research into open search technologies.
It is unacceptable that the world's searching and data-mining technology is for the better part originating from one country.
(Yes, this means more projects like http://en.wikipedia.org/wiki/Q...)
I'm still waiting for a P2P search engine that is efficient, secure, and returns useful results.
If Pandora's box is destined to be opened, *I* want to be the one to open it.
For my part, I'm really tired of this Euro-trash attempting to wring billions of dollars out of American companies just because they can. Google, Microsoft, etc. should just pull out of there, and let them fend for themselves if they're going to get stolen from by corrupt governments looking for a quick buck.
google should'nt count on getting a soft verdict,some of us have already contacted our euro mep's etc to put pressure on commision to not allow google to just walk away with a slapped wrist,we want proper fines that will actualy hurt them in the wallet and send a signal to other(mainly american)corps that we will not allow such behaviour in the first place and if they get caught expect to face punitive costs,just like the americans do to any foreign firm that looks like theyvcan be forced/blackmailed into handing over cash/assets,like BP etc.cuased by two yank firms but only bp forced into paying every cent thatvcan be extracted either legaly or criminaly. usual american ddouble standards hypocrisy. fingers crossed our pressure has an effect and google get clobbered hard,this was a decision made at the very top of google,they knew and understood exactlyvwhat they where doing and the risks if they got caught,they decided the extra revenue was worth the risk,so dont bleat about "unfair" treatment of american firms,these are some of the eggs hatching from the blatantvcriminal behaviour of lots of american firms recently,the birds are coming home to roost now,the e.u public have had enough of being yankees cash cows and watching them steal our hard earned cash withoutveven paying any tax in e.u. its the start of a bad slide for american firms trading in europe,we have had enough. expect a lot more bad news,we will happily bring in protectionist bills here just as america already does.
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