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Google, Facebook, Apple and Microsoft facing force of aggressive EU regulators
Europe could also be a monetary disaster and a faded military force, however in a veryt least one arena it's emerged as champ : regulators here are challenging the power of americas technology titans. And they're winning.
Google is most squarely within the crosshairs because its officers negotiate furiously in hopes of avoiding a $4 billion fine and a formal ruling that it's abused its dominance within the search market to hurt rivals across a vary of industries. A deal may well be days away.
Several of those problems, as well as the antitrust case against google, too are investigated by yankee regulators. other then the laws here are stricter, the fines bigger and therefore the courts a lot of supportive of aggressive government action — to the purpose that a lot of consultants say the legal landscape of the technology business is being shaped a lot of profoundly here than within the us.
Whether or not google gets labeled a monopolist is largely within the hands of joaquin almunia, a former spanish labor leader and onetime socialist candidate for prime minister who is that the european union’s high antitrust enforcer.
Almunia has pushed laborious for a negotiated settlement in hopes of avoiding a years-long battle of the kind that european regulators once waged with microsoft over its windows operating system. individuals closely watching the google case predict that this week — the last before a protracted summer break hobbles operations here — can turn
out a deal or a formal “statement of objections, ” essentially an indictment on allegations of monopolistic behavior.
The case is being tracked by regulators worldwide, together with at the u. s. federal trade commission, that has employed a distinguished lawyer to lead its antitrust investigation of google.
Google has issued a statement saying, “we continue to labor cooperatively with the european commission. ”
Risk to Google
Almunia already has determined that the google antitrust claims merit serious treatment, on condition that the corporate has quite ninety % of the search market in a few european countries. other then having a monopoly isn't a violation of law here ; a company should abuse its dominance of a market to run afoul of regulators.
Almunia’s office has outlined four potential abuses of dominance in preliminary filings. within the interview, he expressed specific concern that google is also altering its results in an exceedingly means that keeps users from having access to the simplest attainable services, particularly ones that compete with google’s offerings.
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