The European Commission fined American Alphabet, the Google maternal company, for 2.95 billion euros for abuse of its dominant position in the advertising market.
Google, as explained in the commission, preferred his own services, advertisers and online publishers to the detriment of competitors and, thus, deformed market online advertising. The European Commission approved that the company should stop this practice and stop giving preference to its own services.
Google promised to appeal this decision. Lee-Enn Mulcholland, Vice President of Legal Anti, said that the decision of the European Commission “requires changes that will lead to losses of thousands of European companies, complicating their ability to make money.” The decision of the European Commission, according to Bloomberg, was made at a tense moment in the trade relations of the EU and the USA. Donald Trump repeatedly criticized the EU actions on Biguchi and threatened to hold Europe liable for the adoption of rules aimed at restoring American companies.
In response to the decision of the European Commission, Donald Trump threatened to initiate investigations in accordance with Article 301 of the 1974 trade legislation. This law gives the president the right to unilateral response to other countries that are considered “unfair” in relation to the US business. “Today, Europe“ struck ”another large American company, Google, losing it for $ 3.5 billion, actually collecting money, which otherwise would have gone to the investment and workplaces of the United States,” Trump wrote.
Source: Racurs
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.