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.
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.
I Altavista'd this and can confirm it.
They could repossess the nice big buildings that Google owns in the middle of London, Paris, Dublin, Munich, and so on.. They could confiscate all of the advertising revenue that flows from EU companies to Google via EU banks. They could confiscate all revenue that flows through EU payment processors to the Google Play store. They could prevent mobile phones sold in the EU from including Google apps.
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