Thursday, July 19, 2018

"I Told You So": Trump Hits Out At EU After $5 Billion Google Fine

In a move that many had expected, President Trump lashed out over Twitter in response to Brussels' decision to slap Google with an record €4.3bn ($5 billion) antitrust fine, exclaiming "I told you so!" before suggesting that the move was further evidence that the EU had "taken advantage of the U.S., but not for long!"

 On Wednesday, in a long-awaited move, Google parent Alphabet was slapped with the record fine and ordered to change the way it installs search and web browser apps onto Android mobile devices.

The company was given until mid-October to stop the "illegal practices" as the EU phrased it, on their contracts with handset manufacturers. Failure to comply will result in a 5% fine on revenue.

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