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This is NOT a typo…
Google is working with European Union Regulators to agree upon a settlement to avoid a potential fine of $3.8 Billion for antitrust violations. For all of the details on what the violations entail and the details, read more here:
EU Could Fine Google $3.8 Billion
They came up with the figure because the Europeam Commission is allowed to fine Google up to 10% of its annual revenue (in 2011 they made out with $37.9 Billion) Looks like this is going to turn into an extensive and expensive legal battle…
Beats the 20million FTC got from Google.
3.8 Billon, serious lesson.
20 million – we’d do it again and give you another 20 million.Wowee Zowee.
Tut tut Google. Looks like someone is watching closely.
I wonder if the EU market is actually 10% of their revenue.
I quess they didn’t contribute enough to the right political parties over there.
(not that I would ever imply anything sinister or of having any real knowlege of the facts – purely ‘smarting’ from penguin and panda)(penalties ‘suck’ don’t they)
