Google Could Face a $9 Billion EU Fine For Rigging Search Results In Its Favor (independent.co.uk)
schwit1 quotes a report from The Independent: EU antitrust regulators aim to slap a hefty fine on Alphabet unit Google over its shopping service before the summer break in August, two people familiar with the matter said, setting the stage for two other cases involving the U.S. company. The European Commission's decision will come after a seven-year investigation into the world's most popular internet search engine was triggered by scores of complaints from both U.S. and European rivals. Fines for companies found guilty of breaching EU antitrust rules can reach 10 percent of their global turnover, which in Google's case could be about $9 billion 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. The company has also been charged with using its Android mobile operating system to squeeze out rivals and with blocking competitors in online search advertising related to its "AdSense for Search" platform. The platform allows Google to act as an intermediary for websites such as online retailers, telecoms operators or newspapers. The Commission has warned of massive fines in both cases.
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.
It's Google's product , it's not some public resource that Google manages for the good of society. Why shouldn't Google leverage their own product which exists solely to generate profit for Google? There is always Bing.
If you want news from today, you have to come back tomorrow.
Google has the right to generate their search listings as they see fit. The EU has no right to tell Google how to generate those results. Excessive regulation like this is precisely why the UK is leaving the EU and why Marine Le Pen was so successful in the recent French election. If the EU is to survive, they need to stop these excessive job-killing regulations.
Add another sweet $9B to the bill!!
Fine Trump next? 10% of his turn-over? NEGATIVE 30 million! He owes Putin 300 million USD!
US company? haven't they moved to ireland to avoid taxes?
Sounds like there's a budget short fall somewhere in the EU and since Google didn't pay the lobbyist (erh bribe) they're getting dinged a cool $9 billion.
No problem. A few payoffs here, a few payoffs there, the politicians will be more than happy to fall in line.
This article, first of all, is so vapid and devoid of updated actual information it's embarrassing. Which case is it? Link to the docket / documents? If Slashdot could choose it's sources better, that would be great, thanks...
Second, and more on content -- these vapid articles always quote the maximum fine because they can't be bothered to do the research to figure out what part of the ruling is applicable. Sure, a $100B company *could* be fined 10% according to the legislation, but if you dig into the details, what court / ruling would actually fine an entire company for a relatively separate and contained part of its business? And could all of Alphabet parent actually be fined for it's one product in one region? Umm... maybe that would be the more reasonable thing to explain. The answer is pretty much, "no".
Finally, if Google takes the position that all it is providing is opinions on search results and links to websites that it finds interesting, how can it be sued for ranking one thing higher than another? Unless the EU commission takes an overly expansive view of the term "monopoly"?
I am a little surprised at how open Europeans are to their own form of religious zealotry compared to Americans-- which comes in the pursuing vague notions of privacy and competition without regard to practicality....
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.
It's Google's product , it's not some public resource that Google manages for the good of society. Why shouldn't Google leverage their own product which exists solely to generate profit for Google? There is always Bing.
It's something called "abuse of market power" and it's anticompetitive. It's basically where an organization uses its existing market power in a way which prevents other producers from competing or limits their competition in a way which hurts consumers. It's one of those places where unfettered capitalism hurts the consumer and is anticompetitive, hence the need for some regulation.
For example, if Google always shows Android tablets first first and hides apple or windows tablets someone would otherwise consider buying from her search results, that harms marketplace competition and hurts the customer.
The bigger controversy with antitrust type actions is the frequency with which they are used by countries to tax foreign businesses. I believe there is something of a double standard in many countries where foreign companies fundamentally are penalized for not being local. They may also be engaging in anticompetitive activity, but would a local company be held to the same standard?
Real lawyers write in C++
Well, If this is true then, it too bad for Google.
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President Trump's decision to exit the Paris Accord was not about the fake science behind Global Warming, Global Climate Change or Anthropogenic Global Warming and lack of Real Science but the de-funding of the U.S.A. Treasury to fill the banks of the UN Green Climate Fund!
The first example of how the EU will fill the money supply void now that the U.S.A. had exited.
Fines for companies found guilty of breaching EU antitrust rules can reach 10 percent of their global turnover
I hope I'm misreading something here (or the article author was..), but it sounds like Google could in theory be paying more in fines than they actually earned?
Doing some cross-checking it sounds like that $90b "turnover" is their pre-expense revenue. Their profit after expenses is more like $20b, from their own earnings report.
So a $9b fine is almost half of their entire global profits. In fact, according to this site, only around $8b of that profit was generated in the "EMEA" region (Europe, Middle East and Africa -- so that's still more than just the EU itself.)
When you're talking about having to pay out an entire year's profit, plus an additional billion dollars, plus however much cost for additional development needed to avoid future fines, you have to start wondering if its still worth operating in that region at all.
"The European Commission's decision will come after a seven-year investigation into the world's most popular internet search engine was triggered by scores of complaints from both U.S. and European rivals." Most of who are fronting for the Microsoft organization. You don't have to look far to find the Micrsoft connection:
.. that's a real organization .. spends most of the time defending MICROS~1 :)
CompTIA
Computing Technology Industry Association
Initiative for a Competitive Online Marketplace (ICOMP)
Association for Competitive Technology (ACT)
FairSearch
TradeComet
'Center for the Moral Defense of Capitalism'
The catch here is that they fine the company 10 percent of last year turnover and not 10 percent of all the years they abused their position.
Yoorop will generously accept Google's money and allow them to keep employing subhumans for the moment.
Google pay the globalists.
Now go. Pay.
And all of it goes into their coffers, not the victims.