Tuesday, June 27, 2017

WHEN GOOGLE IS IN CONTROL

EU antitrust regulators hit Alphabet (GOOGL.O) unit Google with a record 2.42-billion-euro ($2.7 billion) fine on Tuesday, indicating they will likely take a tough line with the company in two other ongoing cases.
The European Commission said the world's most popular internet search engine has 90 days to stop favoring its own shopping service or face a further penalty of up to 5 percent of Alphabet's average daily global turnover.

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