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According to billions: Google makes proposals for new shopping search

Thursday, August 31st, 2017 | Gadgets

According to the Commission, the European Commission has received information on how the US company intends to implement the restrictions on its product advertisements in search engine results. The first information was received by the Brussels authorities on late Tuesday evening. Google confirmed a letter on Wednesday. Neither the company nor the European Commission provided further details.

At the end of June, EU competitors had committed a fine of EUR 2.42 billion as the Internet company had used its dominant position to the detriment of competitors and consumers. Google had criticized the decision. The company is also threatened with the abusive exploitation of the Android dominance of smartphones also a fine.
High profit decline in the second quarter
The company still has until the end of September time to change the disputed business practices. Otherwise, the EU Commission may request further penalties. According to Bloomberg, the penalty could be five per cent of the daily turnover for each day on which the conditions are not met.
Google may, according to Bloomberg, challenge the decision of the European Commission in court, but the conditions would have to be fulfilled before a judgment. How long such a procedure can last is shown by the example of the US chip maker Intel. After the EU commission imposed a bill of exchange in 2009, the final decision will be taken in early September.

Google's parent company Alphabet posted a high profit decline in the second quarter of this year due to the penalty payment. While the profit for the same period last year was $ 4.88 billion, it was significantly lower in the second quarter of 2017, at $ 3.52 billion.


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