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  EU antitrust: Google makes first concessions | Bit Updates
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EU antitrust: Google makes first concessions

Wednesday, August 30th, 2017 | bitcoin updates

    
        
            
        
        
    
    
    At the end of June, the EU contestants showed Google a record-breaking record of 2.42 billion euros.
                (Image: dpa, Marcio Jose Sanchez / AP / dpa)
            
              After the EU commission imposed a record in June for Google because the US company should have abused its dominant market position, Google is now making its first pledges. How exactly Google wants to correct the misconduct is unclear.
            
            
            
                    
            According to Google, the European Commission has received information on how the US company intends to implement the requirements for its product ads in search engine results. The first information was received by the Brussels authorities on late Tuesday evening. Google confirmed a letter on Wednesday. Neither the company nor the European Commission provided further details.
Record penalty from Brussels
At the end of June, the EU competitors had a record-breaking record of 2.42 billion euros, as the Internet company had used its dominant position to the detriment of competitors and consumers. Google had criticized the decision. The company has until the end of September time to change the disputed business practices. Otherwise, the EU Commission may request further penalties.
In Google's shopping search, the detailed advertisements placed with dealers by the Internet company are presented prominently with photos, prices and links. These ads can also be displayed in a normal Google search over the remaining hits.
Google's "lobby work"
In parallel to the first commitments made in Washington, the alleged action by Google against a supporter of the EU antitrust forensics is taking place in Washington. Barry Lynn from the New America Foundation had welcomed the decision from Brussels in a press release and called for similar steps from US officials. As the New York Times reported, the author was released a few days later, including the nearly ten colleagues of his team. The Think Tank has already received more than 21 million US dollars from Google in its history, writes the newspaper. (With material of the dpa) /

(Mho)

        

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