Sunday, February 21, 2016

Google boss heading to Brussels for antitrust talks -Julianne Swaykus 6

      Sundar Pichai, Google chief executive, is going to meet with Margrethe Vestager, the European Union's competition commissioner, later this week. European competition officials have been investigating the US tech giant for years over alleged monopolistic practices involving its search engines, but any resolution has been elusive.
Last year Vestager sent a "statement of objections” saying Google had diverted traffic from rival price-comparison services, such as Kelkoo, to favor its own comparison shopping service. “If no agreement is reached and the group is found to have broken the EU's antitrust rules, it could face fines amounting to billions of dollars.”
       This reminds me of the trusts formed in the late 1800s early 1900s in America. We then passed acts such as the Sherman Antitrust Act to try and rid the business industry of trusts and monopolies created in the decades following the Civil War. 

http://news.yahoo.com/google-boss-heading-brussels-antitrust-talks-source-210301922.html;_ylt=AwrC1jFGsclWBzQAIZvQtDMD;_ylu=X3oDMTByNXQ0NThjBGNvbG8DYmYxBHBvcwM1BHZ0aWQDBHNlYwNzcg--

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