Resumen de Google's €2.4bn fine is the least of its worries
Reynolds discusses the European Commission's decision to fine Google €2.42 billion for breaking competition law. The EU's larger goal is to position itself as an antidote to Silicon Valley's winner-takes-all attitude, and reshape interactions with the tech giants. The EU commission found that since 2008, Google's price comparison service has increased its UK traffic 45-fold. Traffic to competitors, however, dropped by 85%. The ruling sets out a principle that companies can't use their position in one industry to give themselves a leg up in another.
