Alphabet earnings and the jaws of antitrust

Alphabet earnings and the jaws of antitrust

5 years ago
Anonymous $hM_jrxqbr-

https://techcrunch.com/2018/07/24/alphabet-earnings-and-the-jaws-of-antitrust/

Alphabet’s earnings were stellar, and that is truly saying something. Just a few weeks ago, the European Union placed a record €4.34 billion fine on the Mountain View-based company, a penalty for the company’s payments to OEMs to include Google Search as the default search option in order to access Google Play, the company’s App Store.

The acrimonious feud with the EU has become such a constant financial concern for the company that it now includes a “European Commission fines” line item in its consolidated statements of income.