European Union Competition Commissioner Margrethe Vestager warned of potential antitrust action against Google or other US technology giants if they threaten to pull out of markets, reported Seeking Alpha.
Vestager told the European Parliament’s economy committee on Tuesday, February 23, that there could be scope for “investigating if it’s actually legal for a dominant provider to stop supplying” services, adding that the EU “would have a number of tools to use.”
Her comments follow controversy in Australia, where Google and Facebook have been lobbying against a proposed law to require the search and social media companies to pay publishers for the value stories generate on their digital platforms
Google initially threatened to shut its search engine in the country before striking a deal with News Corp. Facebook had restricted news sharing on its site, but ended its blackout earlier Tuesday after the government agreed to amend the legislation.
Featured News
Judge Mehta Questions Both Sides in Landmark Google Antitrust Case
May 2, 2024 by
CPI
FCC Urges Urgent Funding for Removal of Chinese Telecom Equipment from U.S. Networks
May 2, 2024 by
CPI
Former Pioneer CEO Facing Potential Criminal Charges For Colluding With OPEC
May 2, 2024 by
CPI
South Korea’s Antitrust Regulator Greenlights K-Pop Powerhouse Deal
May 2, 2024 by
CPI
Exxon’s Pioneer Purchase Approved, Former CEO Barred from Board
May 2, 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