Google Inc. (NASDAQ:GOOGL) Versus The European Union Once Again
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Google Inc. (NASDAQ:GOOGL) is in the line of fire once again and the adversary is the same old European Union. European Union has resolved to break up Google Inc (NASDAQ:GOOGL) and other internet companies that wield strong power over their customers. European Union claims that Google Inc. (NASDAQ:GOOGL) exercises too much power which is unhealthy for one company to possess. That is the reason being given for breaking up Google Inc. (NASDAQ:GOOGL). Also, objections are being raised because there is American dominance in the internet industry.
There is no as such parliament power regarding breaking up a firm of any sort but European Union politicians would be offering a public challenge to Google Inc. (NASDAQ:GOOGL)’s business in Europe. The plan is to separate search engine for commercial businesses in order to make room for competition and healthy competitive rivalry.
Google (NASDAQ:GOOGL) claims that European Union is playing out a personal vendetta against the company because of the antitrust issues that were being shoved at Google (NASDAQ:GOOGL) some months ago. European Politicians which mostly consist of a blend of conservatives, liberals and socialists will put the whole matter to a vote and from then it will be decided what would be Google Inc. (NASDAQ:GOOGL)’s future in Europe.
These politicians are backed up by rival companies that have been complaining about Google Inc. (NASDAQ:GOOGL)’s undisputed dominance over the internet, taking over all the businesses and leaving out none. On top of that Google Inc. (NASDAQ:GOOGL) doesn’t allow competition, making business on the expense of other companies. On the other hand, Google Inc. (NASDAQ:GOOGL) claims its facing mounting rivalries each day as far as competition is concerned. Google Inc. (NASDAQ:GOOGL) claims that it’s more personal rather than about giving room to other companies to make business.
Google Inc. (NASDAQ:GOOGL) executives pointed out that the internet is a free market and every company holds equal chance of doing business. Just because Google Inc (NASDAQ:GOOGL)’s business is faring better than the others, doesn’t mean that the company is making obstructions for other companies. Google Inc. (NASDAQ:GOOGL) also pointed out that the whole scenario is political and personal vendetta is being carried out against the company because of refusal of unethical favors to certain governments.
Pro business wing members are against the whole concept of breaking Google Inc. (NASDAQ:GOOGL), claiming that politics should have no interest in these businesses and that the parliament is just tending to the phobias of certain embittered politicians. Google Inc. (NASDAQ:GOOGL) is a business operation and the matter should remain in business circles. If any other company wants to make business, it should do so by providing healthy competition. Not by employing the parliament to break the company.
Breaking Google Inc. (NASDAQ:GOOGL) would not solve the problem at all, if there is any in the first place. It’s immature on part of the European Union to threaten Google Inc. (NASDAQ:GOOGL)’s business. If it really wants to squeeze Google Inc (NASDAQ:GOOGL), it should boost up competition around it rather than making obstructions for Google Inc (NASDAQ:GOOGL).