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BREAKING: EU antitrust regulators fine Alphabet's Google $2.7 billion [tr]
Reuters ^ | June 27, 217 | Staff

Posted on 06/27/2017 3:01:36 AM PDT by Enchante

BREAKING: EU antitrust regulators fine Alphabet's Google $2.7 billion for anti-competitive practices at comparison-shopping service


TOPICS: Breaking News; Crime/Corruption; Foreign Affairs; News/Current Events
KEYWORDS: antitrust; eu; europe; google; internet; tech
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Breaking news, just a headline now.
1 posted on 06/27/2017 3:01:36 AM PDT by Enchante
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To: Enchante

EU going hard at Google.

Tough to know which side should lose!!??

Screw ‘em all.


2 posted on 06/27/2017 3:02:25 AM PDT by Enchante (Searching throughout the country for one honest Democrat....)
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To: Enchante

No wonder Eric Schmidt the lib was trying to get cozy with the Trump admin. He knew this was coming soon.....


3 posted on 06/27/2017 3:03:25 AM PDT by Enchante (Searching throughout the country for one honest Democrat....)
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To: Enchante

Who will get that 2.7billion?


4 posted on 06/27/2017 3:03:49 AM PDT by ColdOne ((I miss my poochie... Tasha 2000~3/14/11~ Best Election Ever! “Laughing my #Ossoff)
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To: Enchante

Ef em both


5 posted on 06/27/2017 3:04:17 AM PDT by rrrod (just an old guy with a gun in his pocket.l)
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To: ColdOne

Juat another way of taxing corporations in Europe... Obama would have made a nice slush fund for his community organizing chair


6 posted on 06/27/2017 3:05:06 AM PDT by lavaroise
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To: ColdOne

EU bureaucrats.....


7 posted on 06/27/2017 3:05:47 AM PDT by Enchante (Searching throughout the country for one honest Democrat....)
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To: rrrod

agreed!

One of those cases where you wish both sides could crash and burn.


8 posted on 06/27/2017 3:07:27 AM PDT by Enchante (Searching throughout the country for one honest Democrat....)
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To: Enchante

now there’s this article:

http://www.reuters.com/article/us-eu-google-antitrust-idUSKBN19I108?feedType=RSS&feedName=topNews&utm_source=twitter&utm_medium=Social


9 posted on 06/27/2017 3:09:36 AM PDT by Enchante (Searching throughout the country for one honest Democrat....)
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To: Enchante
I don't know what business the EU has basing a fine upon "worldwide" Google numbers, but that shows the greedy grasping ambition of the EU-crats to control everything:

The European Commission said the world's most popular internet search engine has 90 days to end its anti-competitive practice or face penalty payments up to 5 percent of Alphabet's average daily worldwide turnover."
10 posted on 06/27/2017 3:12:20 AM PDT by Enchante (Searching throughout the country for one honest Democrat....)
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To: ColdOne

Fine will just go into the big EU pot.

You might want to note the 1993 EU headquarters in Brussels (one of three headquarters)...has been deemed ‘must-replace’. Cracks, leaks, problems, etc.

Right now, the new place is figured to cost a minimum of 430 million Euro (2015 price). With cost-over-runs and artsy stuff...you can figure this will run near one-billion Euro. My guess is that this fine will go toward the new building, and they will still tax every nation to pay for the building.

One other note...the other two EU headquarters? One is the Strasbourg structure has been around for at least twenty years and is used only a couple of times a year where everyone drives down and hangs out for a week, and then returns to the Brussels structure. The remaining structure....still kept on the books...is the Luxembourg structure...the original building they started out in the first place. The EU won’t turn the property over for re-use but for some reason....keep it operational ‘just-in-case’.


11 posted on 06/27/2017 3:14:14 AM PDT by pepsionice
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To: Enchante

Petty cash for Google, interesting how serious the EU takes this, or is it all about the $$$$$?


12 posted on 06/27/2017 3:14:33 AM PDT by mad_as_he$$
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To: ColdOne
Who will get that 2.7billion?

My guess is high end French vintners and caviar distributors in the greater Brussels area.

13 posted on 06/27/2017 3:15:20 AM PDT by InABunkerUnderSF (Proudly deplorable since 2016 - BLOAT)
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To: InABunkerUnderSF

14 posted on 06/27/2017 3:36:02 AM PDT by Enchante (Searching throughout the country for one honest Democrat....)
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To: Enchante

If you own a small business you will appreciate the EU’s perspective on this — Google fraudulently biases organic search returns to itself or its advertisers.

I don’t know how this worked in the case in question in Europe, but here in the US it works like this:

“Symbiotic Advertising
While the results of WordStream’s research may indicate that paid advertising is superior to organic SEO for commercial purposes, they as well as Search Engine Watch and Media Two Point Oh indicate that paid advertising and SEO are actually most effective when employed in tandem. A 2012 study by Google indicates that paid ads with associated organic search results actually increase the click-through rates of these ads — as much of 34 percent of paid search clicks happen with a related organic result on the same page.”

From the Houston Chronical (which has a great small business section): http://smallbusiness.chron.com/paid-advertising-affect-seo-59681.html

You have to read between the lines, but when you pay for clicks, those same clicks then build on your organic search results by including the paid key words. And, of course, the more you pay for those key words, the higher the fees, as Google is an ad auction — I mean, extortion — service.


15 posted on 06/27/2017 3:40:45 AM PDT by nicollo (MAGA)
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To: Enchante

Anyone know if the fine is deductible for corp US income tax return?


16 posted on 06/27/2017 3:45:51 AM PDT by Palio di Siena
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To: Enchante

In the old days, Google could just deny service to the EU, including Cloud access. The problem would solve itself after a few business hours of little business.


17 posted on 06/27/2017 3:57:40 AM PDT by Dixie Yooper (Ephesians 6:11)
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To: Enchante

This is a nothingburger. The “fine” will never be collected. Google won’t sit still for this crap. They will tell EU to F off. But in nicer terms, of course.


18 posted on 06/27/2017 4:06:52 AM PDT by GoldenPup
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To: Enchante

Have to pay for more refugee mosques and other “humanitarian needs” like cutlery, pressure cookers and general culinary basics.


19 posted on 06/27/2017 4:22:52 AM PDT by epluribus_2 (he had the best mom - ever.)
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To: ColdOne
Who will get that 2.7billion?

My thinking is, ultimately, Syrian refugees and other Muslims, especially jihadists via their Stasi Whore, Merkel.

20 posted on 06/27/2017 4:23:00 AM PDT by grey_whiskers (The opinions are solely those of the author and are subject to change without notice.)
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