Google Facing Billions in EU Antitrust Fines (axios.com)

Another EU antitrust fine for Google is coming down the pipe in mid-July over allegations Google has used its Android mobile operating system to beat out rivals, Reuters reports. From a report: The European Commission has been investigating the case since 2015. It's another example of how the EU takes anti-competition violations far more seriously than the U.S. In June of last year, the EU slapped Google with a record $2.8 billion fine for anti-trust practices around its search product, which they said unfairly pushed consumers to use Google's Shopping platform. Sources told Reuters they expect this new fine to top that record.

Comments

Re:I would love it

[Oswald McWeany]

I would love it if every one of the Top 5 (Apple, Microsoft, Google/Alphabet, Facebook, Amazon) said "You know what? Fuck it. We're out" and just left Europe entirely. Just leave it to its own devices.

The EU is larger economically than the US. Sure, they could leave, but they'd be losing a huge % of their profits. They don't want to do that. They also know if they left the EU it would give other countries free roam to fill in the gap and create their own companies doing the same thing. Those companies could then operate in the US.

It would be a death knell to those companies to leave the EU.