Google parent Alphabet announced second-quarter results. Both revenues and earnings per share beat Wall Street consensus estimates. However, the recent EU antitrust fine of $2.7 billion took a toll on net income and earnings per share. The company reported just over $26 billion in total revenues (up 21 percent), with Google contributing all but $248 million […]
This week’s biggest news was Google being fined 2.42bn euros by the European Commission after it ruled the company had abused its power by promoting its own shopping comparison service at the top of search results. Below we highlight the most indepth discussion of the news you’ll be able to find online. In other news,
Googles Huge $2.7 billion EU Fine, New Facebook Mission & More: Weekly Forum Update Read More »
As a paid search and shopping platform, Google is our most important partner. This doesn’t mean that I would refrain from highlighting critical aspects of things Google is doing. I’ve written about their low-price bias numerous times and the advertising digital duopoly created by Google and Facebook that puts retailers in a tough spot. That being said,
How the EU fine will ruin Google Shopping for the consumer Read More »
The European Union came down hard this week on Alphabet-owned Google (GOOGL), fining the tech giant about $2.7 billion for “[abusing] its market dominance as a search engine by promoting its own comparison shopping service in its search results, and demoting those of competitors,” said EU antitrust chief Margrethe Vestager. Google said it “respectfully disagreed”
Google’s $2.7B EU fine: Why Main St. in America ‘gets it’ Read More »
Barry Schwartz Barry Schwartz is Search Engine Land’s News Editor and owns RustyBrick, a NY based web consulting firm. He also runs Search Engine Roundtable, a popular search blog on very advanced SEM topics. Barry can be followed on social media at @rustybrick, +BarrySchwartz and Facebook. For more background information on Barry, see his full bio and
EU fine, Google algorithm changes & local features Read More »
Expected for months, the antitrust penalty was supposed to be closer to $1 billion. However, today the EU leveled a much larger 2.4 billion euro ($2.7 billion) fine against Google for alleged abuse of its market power in vertical (shopping) search. Though the fine is not a surprise, the amount is. In the climax of a decade-long antitrust saga that at
EU slaps Google with $2.7 billion antitrust fine Read More »
