EU: Vestager says “Google still great company”

Google is still very much a force for good and has many positive attributes, according to the EU’s competition commissioner who slapped the tech giant with a US$2.7 billion fine earlier this year.

“This is a decision about legal behavior that they (Google) should and can correct,” Commissioner Margrethe Vestager said about June’s fine for the US firm. However, she added that Google doesn’t have a bad attitude towards competition.

“In other respects, Google is a wonderful company, very, very innovative and they have brought us innovation that has changed our lives,” she told CNBC on the sidelines of the Ambrosetti Forum Saturday.

The US tech giant has been investigated by the European Commission on several fronts for concerns over competition. It inclusively received a €2.42 billion (US$2.7 billion) fine in June for giving illegal advantage to its own comparison shopping service. This past week, Google reportedly submitted details of how it planned to stop favoring its shopping service and comply with the EU order

Full Content: Fortune

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.

RECOMMENDED FOR YOU
 


More Articles