Actionable news
0
All posts from Actionable news
Actionable news in GOOG: Google Inc.,

Google Hit With Antitrust Charges by the European Commission Over Android

0

Alphabet's (GOOG - Get Report) (GOOGL - Get Report) European antitrust headache is about to get much bigger as Brussels ramped up its case against Google's Android operating system.

The latest blow came today when the European Commission, the EU's antitrust agency, issued a formal complaint accusing Google of abusing its dominant position in Europe by imposing restrictions on Android device makers and mobile network operators.

"Today's statement of objections finds that, as a result of Google's behavior, rival search engines, mobile operating systems and web browsers have not been able to compete on their merits, but have rather been artificially excluded from certain business opportunities," EU Competition Commissioner Margrethe Vestager told journalists in Brussels. "This is worrying."

Back by Popular Demand…“Confessions of a Street Addict” Get a FREE signed copy of Jim Cramer’s national best-seller when you gain access to his multi-million dollar charitable trust portfolio! Click here to see Jim’s holdings and get your FREE gift.

Alphabet is a holding in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or...


More