European Union Fined Google for 5 Billion Dollars

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Google's operating system runs about 80 percent of the world's smartphones, according to market research firm Strategy Analytics. The European Union's regulatory authority has announced a sanction against the web search engine, Google, for a record amount of 5 billion dollars for using its Android mobile operating system to squeeze rivals. According to Reuters, the fine is almost double the previous sanction of approximately 2,788 million dollars; same that was imposed on the company for its online shopping search service. According to the agency, the fine represents a little more than two weeks of income for Google's parent company, Alphabet, and would hardly affect its cash reserves of 102.9 billion dollars; however, it could add to a trade war between Brussels and Washington.


The technology giant indicated that it would SMS Marketing Service appeal the fine. “Android has created more options for everyone. A vibrant ecosystem, rapid innovation and lower prices are classic marks of strong competition.” Similarly, Reuters detailed that the head of the European Union's antitrust agency, Margrethe Vestager, as well as the president of the Commission, Jean-Claude Juncker, will meet with the president of the United States, Donald Trump, next Wednesday at the Casa Blanca as an effort to avoid new tariffs on automobiles. Vestager also ordered Google to stop anti-competitive practices in contractual agreements with smartphone manufacturers as well as telecommunications providers within the next 90 days or face additional penalties of up to 5 percent of Alphabet's worldwide daily turnover.



Google has used Android as a vehicle to consolidate its search engine dominance. These practices have denied rivals the ability to innovate and compete on merit. They have denied European consumers the benefits of effective competition in the important mobile sphere. However, the results did not meet analysts' expectations and this was reflected in the New York Stock Exchange, its shares in the NYSE index fell 7.41 percent, something that deepened after the closing, registering a fall of up to 9.49 percent. slack The communication tool for work teams continues to look for alternatives to offer focused solutions to its commercial clients. Now Slack has announced that it has acquired Robots and Pencils' Missions, a tool that will allow users to automate tasks without the need to code and thus help increase productivity; from marketing and sales operations to business analysts.