Ultimate magazine theme for WordPress.
BTC
$8,912.97
+4.26%
ETH
$170.73
+2.79%
LTC
$58.81
+5.32%
DASH
$115.23
XMR
$65.19
NXT
$0.01
ETC
$10.50
DOGE
$0.00
+3.53%
ZEC
$56.04
+4.01%
BTS
$0.02
0%
DGB
$0.01
+1.7%
XRP
$0.23
+2.92%
BTCD
$22.39
PPC
$0.22
CRAIG
$0.00
XBS
$0.02
XPY
$0.04
PRC
$0.01
YBC
$24.96
DANK
$0.00

Google Inc (NASDAQ:GOOGL) Still onRopes Against The European Union

189

The antitrust case continues to make waves in the market as the European Union isn’t backing down from splitting Google Inc (NASDAQ:GOOGL)’s dominance in Europe. The case against Google Inc (NASDAQ:GOOGL) is that it is abusing its power and implementing unreasonable clauses upon its rivals; Google Inc (NASDAQ:GOOGL) is also against having any competition in the market. Google Inc (NASDAQ:GOOGL) on the other hand, is adamant that it is in favor of competition and has never abused its power to create obstacles for its rivals.

European Union passed a resolution against Google Inc (NASDAQ:GOOGL) which proposes to separate Google Inc (NASDAQ:GOOGL) from other businesses. Google Inc (NASDAQ:GOOGL) is accused of implanting unfair selling and purchasing prices, along with unfair trading conditions. European Union also claims that Google Inc (NASDAQ:GOOGL) is limiting production of the rivals and is also favoring certain consumers. One charge alleges Google (NASDAQ:GOOGL) of applying different conditions to equal transactions to favor certain parties. Google (NASDAQ:GOOGL) has limited publishers by banning them from publishing ads so that they don’t post ads of Google (NASDAQ:GOOGL)’s rivals.

European Union claims Google (NASDAQ:GOOGL) is doing all this to eliminate competition and to become the undisputed king of internet. European Union also claims that Google (NASDAQ:GOOGL) favors certain governments and plays integral role in propaganda and spying. Google (NASDAQ:GOOGL) has denied all allegations and claims that it has always upheld the rules and norms. The competition has always been there in the market and Google (NASDAQ:GOOGL) earns every penny that it makes through hard work rather than petty tricks or intimidation.

The bandwagon against Google (NASDAQ:GOOGL) is filling up, comprising of rivals and competitors and even government agencies that accuse Google (NASDAQ:GOOGL) of mishandling information and using it for intimidation. Competitors are accusing Google (NASDAQ:GOOGL) of slurping their business and for squeezing them out of business. Even some companies that were previously associated with Google (NASDAQ:GOOGL) have come up and accused Google (NASDAQ:GOOGL) of putting unfavorable clauses, that prevented them from making business with other companies.

Google (NASDAQ:GOOGL) has been on the hook of German publishers for quite some time due to some political reasons. They have argued for implanting taxes on Google (NASDAQ:GOOGL) in Europe and now with this antitrust case, Germany is one of the fiercest adversaries Google Inc (NASDAQ:GOOGL) is facing now. Germany is also the most politically influencing country in Europe and it’s bound to break Google (NASDAQ:GOOGL) and separate it from other businesses.

Google Inc (NASDAQ:GOOGL) holds 90 percent dominance over internet search engines and for many years it has become the default search engine, being associated with different browsers and websites. The whole fiasco has been created because of Google Inc (NASDAQ:GOOGL)’s dominance in Europe. If European Union wants to limit Google Inc (NASDAQ:GOOGL)’s dominance, it should implement taxes rather than forcefully breaking Google Inc (NASDAQ:GOOGL)’s power in the continent. Google Inc (NASDAQ:GOOGL) should try to give some room to its rivals and try to be a bit more reasonable when it comes to rates.

Comments