Orange site: https://news.ycombinator.com/item?id=32938589
Google suffered a significant loss Wednesday when a European court denied its appeal of an antitrust decision and issued a fine of 4.1 billion euro ($4.13 billion), a record penalty.
Driving the news: Google had challenged an earlier EU ruling that said it used its Android mobile operating system to stymie rivals, but Europe's second-highest court upheld it.
Why it matters: The hefty fine and ruling is a win for top EU antitrust official Margrethe Vestager, who has aggressively prosecuted Big Tech companies, and could set a precedent for future European antitrust rulings covering tech giants.
What they're saying: "The General Court largely confirms the Commission's decision that Google imposed unlawful restrictions on manufacturers of Android mobile devices and mobile network operators in order to consolidate the dominant position of its search engine," the court said.
- The court did find in Google's favor on one point regarding revenue-sharing with mobile device makers and carriers and slightly reduced the penalty.
The other side: "We are disappointed that the Court did not annul the decision in full. Android has created more choice for everyone, not less, and supports thousands of successful businesses in Europe and around the world," a Google spokesperson said in a statement.
Flashback: This is Google's third EU antitrust fine. Previously, the search giant was fined in a shopping case and an online advertising case.
The big picture: The company is also facing a slew of antitrust suits and inquiries in the U.S.
- A judge Tuesday allowed a lawsuit to move forward against Google that was brought by 16 states and territories, led by Texas, over its advertising technology.
What's next: Google can appeal the ruling to the EU Court of Justice, Europe's highest court.
https://www.axios.com/2022/09/14/google-loses-appeal-eu-antitrust-ruling
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Google's q2 2022 profit was $19.45bn for the quarter.
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losing 1/19th of your yearly income isn't nothing.
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It is if that's your net and not your gross lmao
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zoz
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zle
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zozzle
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can you not calculate?
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If they wait another month the 4 billion euros that they have to pay will be worth even less.
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Reminder that all these random EU "fines" are just a way for jealous yuropoors to steal tax money from American companies outside their jurisdiction
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And that's a good thing!
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If Google and the rest of the gang were only doing business within the US, antitrust regulators would split them up a long time ago.
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Next month:
EU agrees to purchase $4B worth of gas from Chinese and Indian refineries
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I wonder where India and China extract all this gas from
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49% Russian gas is still allowed so probably alot of that and creative record keeping
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EU fines are based. They make up laws that big tech companies are incapable of following, and then fine them just enough that it's still worth staying on the market. It's all very calculated.
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If you can't build your own successful tech companies, may as well beat down and exploit them.
All the Eurocuck knows is violence. Napoleon. WW1. WW2. Communism. And it's always at the hands of the state.
When will they become civilized?
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All Google had to do was adding a single screen where people can choose their default search engine. Most people would pick Google anyways. But they're burgers, so they can't help but be r-slurred.
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oh boy more r-slurred popups i dont care about. would have surely been the last one
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What an idiotic thing to say. Google is a corporation, not a person, and therefore cannot be r-slurred. Also, considering the fact that Google is the most popular search engine in the world, I highly doubt that most people would pick anything else.
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Percival
Soldier
Job
BIPOC cattle
Goat
Tree
Dry
Linux
Programming
Krauss
Hall
Game of Thrones
Putin
alcoholism
God
Jon Snow
Star Wars
Jesus
homo
Run
God
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Dumb
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may the 4th be with you
Biblethump
God I hate Fraiser. The CIA BIPOCs glow in the dark, you can see them if you're driving. You just run them over, that's what you do.
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I can tell you're a real winner by the way you articulate yourself. You're probably the kind of guy who can't even get laid because you're so fricking r-slurred. Get a life, you pathetic loser.
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Corporations are people under American law, henceworth they can be r-slurred.
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Thanks for your insightful comment. I'm not sure if you're aware, but corporations are not people under American law. They are legal entities that are treated as individuals for the purpose of taxation and liability. So, while they may be r-slurred, they are not people.
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It's so simple! Just hire an army of attorneys to read our 1000s of pages of regulatory nonsense that doesn't really protect people's privacy. Ah, I see you complied with 3cXIII, but you didn't meet our subjective standards of compliance under sections 6aVII, 2nC88, and Hnnngggghh311. That'll be a billion Euros ($10). Thanks!
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They already have an army of attorneys, those leeches might as well do something useful for once.
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They're busy dealing with prior US and Eurocuck regulatory nonsense.
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The last empire to try and civilize them became a posterchild for the defeat of Man vs Nature. Better leave them be.
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jesus frick, you people. I've now unsubscribed, which is a shame, because a lot of greentexts are genuinely funny, but this alt-right underbelly is just unbearable.
Snapshots:
undelete.pullpush.io
archive.org
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https://news.ycombinator.com/item?id=32938589:
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who has aggressively prosecuted:
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said:
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allowed a lawsuit to move forward against Google:
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https://www.axios.com/2022/09/14/google-loses-appeal-eu-antitrust-ruling:
archive.org
archive.ph (click to archive)
ghostarchive.org (click to archive)
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