as informed in The idea of 'investing in what you know' is more dangerous than you thinkMarket PulseGoogle to face record fine from EU over Android antitrust on Wednesday, says reportAlphabet Inc. googl+0.13% goog+0.02% going to face a record fine Wednesday from the Eurpean Union over antitrust allegations linked to its Android mobile operating system, according to a report in the Financial Times. Alphabet class A stock was flat in after hours trading. The fact that the EU planned to fine the Alphabet-owned Google has previously been announced but not the date of the announcement. Alphabet class A stock closed up 1.4% to 1,213.08 during regular trading, as the S&P 500 index spx+0.18% gained 0.4%. See original version of this story
Google hit with €4.3bn Android fine from EU
Image copyright Getty Images/GoogleGoogle has been fined a record €4.34bn ($5bn; £3.9bn) over Android. However, it could easily afford the fine if required - its cash reserves totalled nearly $103bn at the end of March . Image copyright Yandex Image caption Yandex has seen gained market share on Android phones ever Google changed its behaviour in RussiaYandex in particular has benefited from this. ever the change in June 2017, the Moscow-based firm has seen its share of mobile search height from about 34% to 46%, according to Statcounter . The European Commission had the power to fine Google up to 10% of its annual revenue.
Google faces multibillion euro fine in Android antitrust decision – POLITICO
as declared in Google faces multibillion euro fine in Android antitrust decisionEuropean competition commissioner Margrethe Vestager is expected to announce a fine Wednesday | John Thys/AFP via Getty ImagesGoogle is in the crosshairs of Europe's antitrust enforcers — again. The official ruling — expected around midday in Brussels on Wednesday — by Margrethe Vestager, Europe's competition czar, marks the laanalisis antitrust tussle between Brussels and the tech giant. Google alavailiable faces 2 other competition charges that it favors some of its search services over those of rivals and that some of its advertising products restrict consumer choice. "It's a scary situation, it's an absolute nightmare."Spokespeople for the Commission and Google declined to comment on the upcoming antitrust announcement. Vestager's antitrust decision going to likely claim that Google uses Android and its other mobile services to maintain its dominance in online search at the expense of rivals.Google may have to make major changes to Android in response to a forthcoming fine in Europe
At the heart of the E.U.'s looming decision are Google's policies that pressure phone and tablet manufacturers that use Google's Android operating system to pre-install the tech giant's own apps. As a result, her forthcoming ruling could prohibit Google from striking such app-installation deals by device makers, experts have said. Packaging equipment like search, and including them on Android devices, offers the company a method to capture data about users — and display them more ads. In the E.U.'s formal list of allegations, first announced in 2016, Vestager took issue by the method Google manages Android. Google maintains that it's to ensure Android, an open-source operating system, is a consistent experience for users even if they change devices.
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