Google chairman Eric Schmidt traveled to Germany and met with its economy minister Tuesday, who reportedly warned the conglomerate that its dominant market position poses a threat to consumers.
According to reports, Germany’s Sigmar Gabriel said that while he admires the company for its accomplishments, he is also concerned that the company’s power harms competition and could undermine democratic rights, according to reports. The nation has signaled concern over Google’s market share in recent months, and tensions increased following revelations of US cyber-spying on German citizens.
Gabriel, who is also deputy to Chancellor Angela Merkel, also announced that he would send recommendations to the European Commission shortly on how to rein in Google’s market power, noting that he believes greater regulation is needed for the digital world.
The Commission is continuing its investigation into allegations that Google abused its market dominance.
Full content: Reuters
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Redfin Settles $9.2M Commission Inflation Lawsuits
May 7, 2024 by
CPI
DOJ Supports Colorado’s Efforts to Block Kroger-Albertsons Merger
May 7, 2024 by
CPI
Japan Considers Regulation of AI Developers
May 7, 2024 by
CPI
European Commission Extends Decision Deadline for Ita-Lufthansa Merger
May 7, 2024 by
CPI
UK, US and Australia Sanction Senior Leader of LockBit Cybercrime Gang
May 7, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI