Today's Coming Crisis Movie

Wednesday, May 23, 2012

Europe gives Google 'last chance' to avoid multi-billion fine for fiddling search results to promote its own services

Google has been ordered by competition regulators to end ‘abuses’ of its market dominance or risk being fined billions of pounds.

The search engine, which has more than 80 per cent of the global market share, is accused of promoting its own products and effectively locking out rival advertisers.

The European Commission has written to the US giant highlighting four areas where ‘Google business practices may be considered as abuses of dominance’.

It has set a deadline of a ‘matter of weeks’ for the company to propose solutions.

If these are not satisfactory, the EC will begin a formal investigation, which could lead to it imposing huge fines and its own measures. Read More