Google has lost its final legal challenge against a European Union penalty for giving its own shopping recommendations an illegal advantage over rivals in search results, ending a long-running antitrust case that came with a whopping fine
I’m glad that corporations are actually receiving fines that are commensurate with their earnings and scale. Hopefully it’s enough to get them to not do this shit.
You say that like I’m unaware - maybe I should needlessly remind you that most of these fines are generally in the millions of dollars. A step in the right direction is not a bad thing.
Regardless, I’m not sure shareholders will think of it that way if the anti-trust practices continue and the fines accrue. The EU likes to be punitive when their orders are ignored.
I’m glad that corporations are actually receiving fines that are commensurate with their earnings and scale. Hopefully it’s enough to get them to not do this shit.
This is still a footnote on their quarterly reports. These are multi trillion companies.
You say that like I’m unaware - maybe I should needlessly remind you that most of these fines are generally in the millions of dollars. A step in the right direction is not a bad thing.
Regardless, I’m not sure shareholders will think of it that way if the anti-trust practices continue and the fines accrue. The EU likes to be punitive when their orders are ignored.