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Summary | 10 Annotations
Google received a record 4.3 billion-euro ($5 billion) antitrust fin
2018/07/19 00:42
LISTEN TO ARTICLE 5:23 SHARE THIS ARTICLE Facebook Twitter LinkedIn Email In this articleGOOGLALPHABET INC-A1,212.91USD-0.17-0.01%SPXS&P 5002,815.62USD+6.07+0.22%826938ZMOZILLA CORPPrivate CompanyUSDAAPLAPPLE INC190.40USD-1.05-0.55%AMZNAMAZON.COM INC1,842.92USD-1.01-0.05% Google received a record 4.3 billion-euro ($5 billion) antitrust fine from the European Union and was ordered to change the way it puts search and web-browser apps onto Android mobile devices
2018/07/19 00:42
Google received a record 4.3 billion-euro ($5 billion) antitrust fine from the European Union and was ordered to change the way it puts search and web-browser apps onto Android mobile devices.
2018/07/19 00:42
Google has used Android as a vehicle to cement the dominance of its search engine," EU Competition Commissioner Margrethe Vestager told reporters. “These practices have denied rivals the chance to innovate and compete on the merits."
2018/07/19 00:43
Google has used Android as a vehicle to cement the dominance of its search engine," EU Competition Commissioner Margrethe Vestager told reporters. “These practices have denied rivals the chance to innovate and compete on the merits
2018/07/19 00:44
Google declined to say what changes it might make to comply with the EU order.
2018/07/19 00:44
Alphabet shares were unchanged at $1,212.98 while the S&P 500 Index was little changed at 11:56 a.m. in New York.
2018/07/19 00:44
Last year, Google faced a then-record 2.4 billion-euro penalty following an investigation into shopping-search service.
2018/07/19 00:44
The EU said Google ensures that Google Search and Chrome are pre-installed on "practically all Android devices" sold in Europe. Users who find these apps on their phones are likely to stick with them and "do not download competing apps in numbers that can offset the significant commercial advantage derived on pre-installation.”
2018/07/19 00:45
Google’s actions reduce the incentives for manufacturers to install and for users to seek out competing apps, it said
2018/07/19 00:45