Trump slams European Union on Google fine

Trump slams European Union on Google fine

It is likely to stoke tensions between Europe and the United States, which regulates the tech industry with a lighter hand and has complained that the European Union is singling out American companies for punishment.

Vestager said that given the size of the company, the €4.34-billion fine is not disproportionate.

Denmark's Vestager has targeted a series of Silicon Valley giants in her four years as the 28-nation European Union's antitrust chief, winning praise in Europe but angering Washington. It also set a 90-day deadline for Google to rectify the problem or risk further fines.

This isn't the first time Google's been in trouble over their search algorithm.

Although the fine is a record, Alphabet generated about the same amount of money every 16 days in 2017, based on the company's reported annual revenue of $110.9 billion for the year. "The important thing is not to be distracted by the size of the fine". The article also states several controversial search results from Google in the past.

The commission ruled that the bundling practices were illegal because of Google's dominance in the markets of "licensable smart mobile operating systems and app stores for the Android mobile operating system". Apple is more effective at keeping competitors out: Its Safari browser holds nearly the same market share as its iOS operating system.

Alphabet shares were down 0.5 percent in pre-market trading in NY on Wednesday.

Trump slams European Union on Google fine
Trump slams European Union on Google fine

Google argues that downloads are easy and while the inclusion of its suite of apps help phones run well out of the box, competitors' apps are a tap away. The new operating system is being created to work on phones, tablets, laptops, smart home devices and more, but it may not completely replace Android right away. Google will also need to stop preventing handset makers from using forked versions of Android. Samsung, a hugely popular maker of Android devices through its Galaxy line, could break off and take much of the Android system with it.

Google began posting open-source Fuschia code online back in 2016, allowing outside app developers to experiment.

One of the earliest Google bomb targeted Microsoft so that whenever someone looked for "more evil than Satan himself" they were shown the company's website. The language matters because Apple (or Blackberry) doesn't license its operating systems to equipment manufacturers.

While this situation feels like a blast from the past-reminiscent of USA regulators' 1998 antitrust action against Microsoft-the stakes now are quite different. With the fast updates taking place in the technology world, Google is in a constant pressure to release the best updates to give a tough competition to its rival companies who are developing new and innovating technologies to reach the topmost position.

European Commission President Jean-Claude Juncker is scheduled to meet with Trump at the White House next Wednesday to discuss trade and other issues.

It's uncertain what Trump has planned for the future, but his comment follows the decision to impose tariffs on steel and aluminium in trade with the EU.

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