It’s Giving Tuesday! When we raise $100k, another $100k is unlocked GIVE NOW

EU’s Google fine signals stronger European role in regulating tech sector

Jed Kim Jul 18, 2018
HTML EMBED:
COPY

EU’s Google fine signals stronger European role in regulating tech sector

Jed Kim Jul 18, 2018
HTML EMBED:
COPY

The European Commission on Wednesday fined Google $5 billion over charges that prepackaging apps on its Android operating system for phones and other devices had stifled competition. Google denies the claim and plans to appeal, but the fine may have larger implications for the tech industry beyond Google. The move is the latest example of the European Union taking action to rein in a sector that has been largely free of regulations in the U.S. and elsewhere, analysts tell Marketplace. As a result, tech companies may use the strict European rules as the default for everywhere else they operate in order to avoid the cost of creating separate products for separate markets.

Click the audio player above to hear the full story. 

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.