Will Google Cave to EU Pressure?

  Google+  Twitter | + More Articles
  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

The European Union’s Commissioner for Competition, Joaquín Almunia, has mandated that Google (NASDAQ:GOOG) change its business practices in the region or face antitrust charges for giving preferential treatment to its own services in search results.

Like the United States’ Federal Trade Commission, regulators in the EU want to prevent the technology company from diverting business from its competitors by distorting search results and customers’ choices. Google may have to make only small changes to its business practices in the United States, but in Europe, where it owns 90 percent of the search market, Almunia has called for much stronger measures.

“They are monetising this kind of business, the strong position they have in the general search market and this is not only a dominant position, I think – I fear – there is an abuse of this dominant position,” Almunia told the Financial Times

Start 2013 better than ever by saving time and making money with your Limited Time Offer for our highly-acclaimed Stock Picker Newsletter. Get our fresh Feature Stock Pick now!

More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business