Tuesday, June 27, 2017

Google Hit With A $2.7Billion Dollar Fine By The EU!!

Google Hit With A $2Billion Dollar Fine By The EU!!





According to Reuters, Google has been fined $2.7Billion dollars by the European Union (EU) for "anti-competitive" practices. Full story here

What does that say about the power Google has over global markets? The EU apparently had enough and levied a huge fine to let Google know who is "boss."



Do you think this fine is fair to Google? Is Google anti-competitive? What shopping markets did Google corner? According to people familiar with the case, this fine was as a result of a seven-year investigation. Further, the story continues, Google has 90 days to end the alleged anti-competitive practice or face additional fines.


What shopping markets did Google corner?



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