Europe’s competition czar is wrong — it’s long past time to break up Google (GOOGL, GOOG)
|07/19/2018||Posted by BusinessMediaguide.Com under General World News||
- European Commission competition chief Margarethe Vestager on Monday announced a $5 billion fine against Google for illegally using its dominance of smartphone operating systems to thwart rivals.
- Although this was the second multi-billion dollar fine in two years against the company for anticompetitive behavior, Vestager dismissed the idea that regulators ought to be pursuing a breakup of the company.
- But that position is wrong-headed, because the actions taken against Google so far have done little to constrain its behavior and have left its ill-gotten dominance of particular markets intact.
- Regulators such as Vestager need to start pursuing a breakup of the search giant read more >>>