Trump says 'I told you so!' after Europe fines Google $7.4 billion

Trump says 'I told you so!' after Europe fines Google $7.4 billion

IT

According to the EU, Google's illegal behavior dates back to 2011 and includes forcing manufacturers to pre-install Google Search and its Chrome browser together with its Google Play app store on their Android devices, paying them to pre-install only Google Search and blocking them from using rival Android systems.

Trump took to Twitter over the decision: "I told you so!"

Google has been fined $6.8billion by Europe's competition watchdog for abusing its dominant Android mobile operating system, setting a global record for anti-trust penalties.

It has also taken on Facebook over privacy issues after it admitted that millions of users may have had their data hijacked by British consultancy firm Cambridge Analytica, which was working for Trump's 2016 election campaign.

Democratic Sen. Richard Blumenthal of CT tweeted that the fine should "be a wake-up call" to the Federal Trade Commission and should lead US enforcers to protect consumers.

Google CEO Sundar Pichai immediately released a statement on Wednesday following the decision.

The EU gave Google 90 days to either halt such anti-competitive practices or ask for a delay of the order while it appeals.

The US is unlikely to match the European Union's fine.

While Google can easily afford the fine, the ruling could undermine the company's business model, which relies on giving away its operating system in return for opportunities to sell ads and other products.

It was argued that Google requiring Android phone manufacturers to pre-install its Chrome browser and Search app had allowed it to gain an unfair advantage over potential rivals.

Trump's child-like comments come amid escalating tensions between the United States and Europe. The company faces daily fines of 5% of revenue if it doesn't obey.

The Google crackdown comes at a sensitive time for trans-Atlantic relations, with President Donald Trump lambasting the European Union as a "foe" only last week.

EU Competition Commissioner Margrethe Vestager said concerns about restricting competition "wasn't just a remote possibility from theory books".

He is also considering tariffs on European cars and parts that the US imports.

The fine was issued over what the European Union describes as "illegal practices" over how the internet giant implements its search and web browser apps on the devices of Android smartphone makers.

The head of the U.S. Federal Trade Commission said on Wednesday he would closely review the European decision.

  • Terrell Bush