Google Challenges Record EU Antitrust Fine in Court (reuters.com)
Google appealed on Monday against a record 2.4-billion-euro ($2.9 billion) EU antitrust fine, with its chances of success boosted by Intel's partial victory last week against another EU sanction. From a report: The world's most popular Internet search engine, a unit of the U.S. firm Alphabet, launched its appeal two months after it was fined by the European Commission for abusing its dominance in Europe by giving prominent placement in searches to its comparison shopping service and demoting rival offerings.
said no one ever.
Even Google can't dismiss a fine of almost 3 billion dollars as a mere cost of doing business. Penalties for corporate abuses need to be truly painful if they're to serve as deterrents.
'The Economy' is a giant Ponzi scheme whose most pitiable suckers are the youngest among us and the yet-unborn.
Let's hope the appeal will double the fine.
It's the equivalent of you opening a store to sell "ACME brand" wrenches only to be told by some a$$h@t of "authoritae" that you must put up advertisements in your store for craftsman wrenches for the shop down the street. Um...no...GFY!
Don't like googles results...don't use google! And no, I don't work for, nor do I ever plan on working for google.
What is the EU going to do if Google just doesn't pay? Shut down access to Google? I don't think the voters would love that.