The European Commission is Imposing A Fine of Almost 3 Billion Euros on Google, because the American Tech Company Allegedly Violated Competition Rules Regarding Online Advertisements. In Doing So, Brussels Ignores Threats from American President Donald Trump.
Trump Recently Threateded to Punish Countries If they Impose Restrictions on American Tech Companies. Yet, The Commission is Now Issuing the Fine of 2.95 Billion Euros. Google Has Imediately Said It Will Appeal, As The Company Considers The Penalty Unlawful.
Accordance to Brussels, Google HAS ABUUSED ITS Dominant Market Position by Giving its own advertising platforms a competitive advantage over rivals. The Company Must Take Measures to Counter This.
“When Markets Fail, Public Institutions Must Act to Prevent Dominant Players from ABUSING THEIR POWER,” Says Spanish EU Commissioner Teresa Ribera (Competition) in A Statement. Accordance to Her, Publishers, Advertisers, and Consumers Are Being Harmed by This.
Head of Regulation at Google, Lee-Anne Mulholland, Says That The Commission’s Demands Will Make It More Difficult for Thousands of European Companies to Earn Money.