What have you always wondered about the economy? Tell us

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. 

As a nonprofit news organization, our future depends on listeners like you who believe in the power of public service journalism.

Your investment in Marketplace helps us remain paywall-free and ensures everyone has access to trustworthy, unbiased news and information, regardless of their ability to pay.

Donate today — in any amount — to become a Marketplace Investor. Now more than ever, your commitment makes a difference.