No surprise: Google appeals $2.9 billion European Union fine
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The Appeal Of Google: And, no, I don’t mean “appeal” as in, “Google has so much going for it that I just can’t get enough of it.” I mean, in the the legal sense.
In case you missed it, Google has launched an appeal of the $2.9 billion fine the European Union levied against the company two months ago for anti-competitive business activities. The fine stemmed from Google giving more-prominent placement to its own comparison-shopping service at the expense of similar offerings from rivals.
Google appealing the fine was, of course, not unexpected. There was no way Google, even with as much money as its parent company Alphabet has, was going to just cut a $2.9 billion check and say, to the E.U., “Yep, well, looks like you got us! Sorry. Here’s your dough!”
The timing of Google’s appeal is also likely not coincidental. Just last week, Intel won a partial victory when the European Commission Court of Justice ordered a lower court to review a $1.3 billion antitrust fine against the semiconductor giant. While Google’s case does differ from Intel’s, the fact that Intel is going to get another chance to have its case heard suggests that regulators are having to raise the level by which they try to prove a company has done something wrong, and whether those activities warrant such huge fines.
In any case, determining if Google is ultimately victorious in its appeal efforts will not be an overnight decision. The General Court, Europe’s second-highest court, is not expected to make a decision on the appeal for several years.
Gates To The Rescue: Melinda Gates, the wife of philanthropist and Microsoft co-founder Bill Gates, has made gender issues one of her main causes of attention. And now, she is taking a more-direct approach to fixing what she sees as one of the major issues facing the tech sector in particular: the gender gap in the venture capital industry.
Yelp Gives Google A Bad Review: Yelp has filed a complaint against Google with the Federal Trade Commission, alleging that the internet search giant has violated terms of a 2012 settlement with the FTC by using “scraping” photos and other information from Yelp site pages in Google’s search results. Yelp says the move highlights Google continuing to use its market position at the expense of other companies in the online local search industry.
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Suing Equifax? There’s a Bot For That: Last week, Equifax admitted that its systems had been hacked to such a degree that 143 million Americans may have had their personal data and information exposed to digital thieves. As such, the most-American thing most Americans can do in response is to sue Equifax. But, where to start. Well, the DoNotPay bot has been programmed to help sue Equifax for allowing the network breach to occur. So, get cracking and start suing, people.
Quote of the Day: “There were lots of people who gave very good, high prices.” — Keller Williams real estate agent Dave Clark, who represented the seller in deal that resulted in a run-of-the-mill Sunnyvale house being sold for $782,000 over its asking price.
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