Europe Accuses Google of Monopoly Abuse 211
bonch writes "European antitrust regulators are set to issue a 400-page statement of objections accusing Google of 'abuse of dominance' next month, the result of an investigation launched last year after complaints from rivals that Google manipulated ad pricing and barred advertisers from running ads on rival sites. If found guilty, Google could be fined up to 10% of its annual turnover, which is about $3 billion. Microsoft avoided a similar fine when it settled its European antitrust case and included a 'browser ballot' in Windows."
Re:Microsoft is a has-been (Score:5, Informative)
Microsoft just reported record fourth quarter and fiscal year 2011 earnings today with yearly revenues at $69,94 billion, representing an increase of 12% from 2010.
If that is losing money all over the place, I wouldn't mind losing it like Microsoft does.
Re:End Game (Score:3, Informative)
I take it you are American.
That corruption is illegal in Europe doesn't mean it doesn't occur. I never said it doesn't. You just don't like to hear the truth. Look at your politicians. They all are owned by the companies who paid loads of money to get them their positions. If that is not legalized corruption I don't know what is.
Re:End Game (Score:4, Informative)
That word does not mean what you think it does. Money laundering: the process of disguising illegal sources of money so that it looks like it came from legal sources.
What Google, and Facebook, and Microsoft, etc. do is called tax avoidance, and (like it or not) it is completely legal.