The NewCo Daily: Today’s Top Stories
You know how, when you search Google for some kind of product, the top of the results page displays a row of ad boxes for the product? That’s called Google Shopping, and it just cost the company $2.7 billion in fines from the European Union. Regulators there charge that Google has favored its own shopping search tool at the expense of competitors’ offerings (The New York Times).
That penalty amount is way higher than experts expected, and it holds dark omens for Google. It’s not that the large penalty is itself a serious problem for the wealthy company; it earned twice that amount in the first quarter of this year alone.Read More