4.8 • 45 Ratings
🗓️ 17 May 2016
⏱️ 29 minutes
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| 0:00.0 | Welcome to the Tech Policy Podcast. I'm Evan Schwargerber. On today's show, Google is facing a $3 billion fine from the European Commission. You heard me, $3 billion. For the past six years, antitrust investigators in the |
| 0:22.9 | EU have been investigating Google for unfairly abusing its dominance in the search market to the |
| 0:30.2 | benefit of its own products over its competitors. So think about Google putting shopping results |
| 0:35.1 | above eBay or its Google reviews of businesses above Yelp. |
| 0:39.6 | A lot of these companies have been complaining. |
| 0:41.6 | And because Google has 90% of the search market in Europe, and when I say Europe, I mean the EU, |
| 0:47.6 | we got these complaints. |
| 0:48.8 | So back in April, the EEC put out its statement of objections. |
| 0:53.1 | And then on yesterday, a report surface that they're |
| 0:56.1 | facing about a $3 billion fine. Joining me to discuss this and tell me why search monopolies |
| 1:01.7 | are really great for consumers is Google Schill and President of Tech Freedom, Berrin Soka. |
| 1:05.6 | Barron, thank you for joining me. Right. On Mondays, it's Google Schill and Tuesdays it's Cable |
| 1:09.7 | shill, right? Well, just, you know, whoever happens you happen to be shilling for at that moment. You can |
| 1:14.5 | shill for more than one company at a time, right? Right, right, as long as they hate each other. |
| 1:18.8 | Yeah, well, that's what makes you you? So, Baron, what exactly is the problem here? I mean, yes, |
| 1:24.2 | Google has 90% of the search market in the EU, but that's because Europeans like Google, right? |
| 1:30.6 | Right. So this case has been going on for a long time, right? Europe has a long history of bringing |
| 1:35.8 | long antitrust cases, the case that the European Commission, that's the EC that you mentioned, |
| 1:42.8 | brought against, Microsoft started back in |
| 1:45.9 | 1993. That really went on until about 2012 and resulted in a fine of close to 900 million |
| 1:53.0 | euros. So this case has been going on for a long time, as you point out, the earlier iterations |
| 1:58.7 | of this were focused on search and the integration |
... |
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