The European Commission has a fine of Google on Friday Almost 3 billion euros imposed. The tech company abused its own market position when auctioning online advertising space. In addition, Google influences the supply and price of advertisements and the demand.
Although Google thereby breaks the rules of the EU Meduction Policy, it seemed in recent days that the European Commissioners would yield to pressure from US President Donald Trump to leave the tech sector alone. European Commissioner Teresa Ribera (competition) had announced a statement about the fine, but withdrew that announcement later.
On Friday the committee surprised by imposing a fine – which is also extremely high. Google is given sixty days to come up with a “serious solution” that tackles its own conflicts, reports European Commissioner Ribera. “If that fails, we will not hesitate to impose powerful measures. When markets fail, government institutions must occur to prevent dominant players from abusing their power.”
Trump writes On his social media that the fine is ‘very unfair’ and ‘discriminatory’, he threatens with sanctions against the EU.
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