Google Fined Record $5 Billion
On this episode of the Christopher Scott Talk Show Podcast:
Google just got hit with a massive fine for anti-trust violations. This is a big hit in the world of mega corporations.
The European Union slapped Google with a $5B dollar fine for antitrust violations claiming Google was engaging in unfair trade practices because they cut deals with phone manufactures to pre-install Google apps on phones. This was something Microsoft got in trouble for a few years ago.
Most people when they think of anti-trust laws think of monopolies. That's one element of anti-trust cases but the core principle of anti-trust laws is to maintain fair competition. It doesn't have to be big company and it doesn't have to be a monopoly. When a company has an unfair advantage it's supposed to be regulated so there is health competition.
So hit the play button!
News & Politics Podcast: Common Sense, brought to you by Christopher Scott.
Common sense talk, news, politics, current events and personal development. In the age of continual constitutional crisis, fake news and partisan politics this show offers a refreshing common sense perspective. Regarded by many as one of the best podcasts by American talk show host, Christopher Scott.