OTCQB:VPLM - Post by User
Post by
tobydogon Mar 20, 2019 7:21pm
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Post# 29514100
EU fines on Google since 2017
EU fines on Google since 2017
European officials Wednesday fined Google 1.49 billion ($1.7 billion) for more than a decade of abusive practices in how it brokered online ads for other websites like newspapers, blogs, and travel aggregators. This is the third billion-dollar antitrust penalty levied against Google by the European Commission, which has fined the company more than $9 billion for anticompetitive practices since 2017. Some critics were quick to point out that the fines dont seem to have eroded Googles dominance. But the reaction also shows how much the debate around antitrust has intensified in just a few years, from fear that enforcement would stifle innovation to concern that even massive fines provide an insufficient check on dominant tech giants.