Google's $2.7 billion EU fine will help innovation, competition commissioner says

Google's $2.7 billion EU fine will help innovation, competition commissioner says

7 years ago
Anonymous $ZOEEBQ1zf0

https://www.cnbc.com/2017/11/07/googles-eu-fine-innovation-competition-tech.html

The record $2.7 billion antitrust fine that the European Union slapped on Google in June will help drive innovation, the European commissioner for competition told a tech summit Tuesday.

Margrethe Vestager, who has been criticized for targeting U.S. tech giants, said it is a problem when successful companies that dominate a market, like Google, use their power to shut down competition.