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Google Poised To Settle EU Anti-Trust Probe

Posted by samzenpus on 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.'"

5 of 55 comments (clear)

  1. 10% of Revenue! by fuzzyfuzzyfungus · · 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 · · 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 · · 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?

  2. Re:What will Marissa Meyer think of this? by fuzzyfuzzyfungus · · Score: 4, Funny

    I assume that she's planning to reach a buggy, half-assed, and embarrassingly purple antitrust settlement with the EU a few months from now...

  3. Better idea by StripedCow · · Score: 5, Interesting

    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.