Google, the doyen and daddy of search engines has been handed an eye-watering fine of €2.4 billion for abusing its dominant position in the online shopping market.

 

The company founded in 1998 by two Stanford University students had a capital worth in January 2014 of just under $400 billion. Decent work for, then , 16 years work 😆

 

Interesting  that a company who has had such a meteoric rise to fame and has mind- boggling accounting statistics should be found guilty of abusing its position, tantamount to bullying. Oh wait a minute, is it surprising at all? Monopolies don’t work. Do they…??

http://www.scottishlegal.com/2017/06/27/google-handed-record-e2-4bn-fine-for-abusing-market-position/

 

Interesting article and and well worth a read.

 

Thanks for stopping by now.

 

Mr. O 😎

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