EU hits Google with $5bn fine for breaking competition rules2018-07-18 16:11 by Daniela
European antitrust regulators hit Google parent Alphabet with a record $5 billion fine on Wednesday, charging that the internet giant has used its Android mobile phone operating system to bully smartphone makers. This is the second fine the Commission filed against the search giant in the past year. In June 2017, Google was fined $2.7 billion for breaking antitrust laws related to its leveraging its dominant position as a search engine to privilege its own shopping service over its competitors, "irrespective of [their] merits." The new penalty highlighted how aggressively European authorities are pushing to regulate tech firms in areas like antitrust, privacy, taxes and the spread of misinformation and hate speech. The company said it will appeal the fine in European Union courts. "Today's decision rejects the business model that supports Android, which has created more choice for everyone, not less. We intend to appeal," Google Chief Executive Sundar Pichai wrote in a blog. Google is warning that its Android business model could now change, and that may mean the company will need to consider licensing Android to phone makers. Read more -here-
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