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Posts Tagged ‘fine’

Alphabet posts huge 25% increase in revenue, investors shrug off impact of EU fine

Monday, July 23rd, 2018

Alphabet's second-quarter results were just released to investors, and although revenues are up 25%, reaching $32.65 billion—comparing favorably to both last quarter's results and Q2 2017—it isn't all good news. Taking into account the effects of the recent $5 billion antitrust fine by the EU, net income is actually down significantly to ~$3.2 billion, a loss of 9.3% compared to Google's fine-extrapolated numbers for Q1 2017. That doesn't seem to have investors too worried, though, as the pre-fine numbers beat expectations by a large margin, driving up Alphabet's stock price in after-hours trading by 5%.

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Alphabet posts huge 25% increase in revenue, investors shrug off impact of EU fine was written by the awesome team at Android Police.

Google says Android provides choice, plans to appeal EU antitrust fine

Wednesday, July 18th, 2018

This morning, Google was hit with an enormous $5.06 billion fine for what the European Commission considers to be anti-competitive practices — specifically, those that push users toward Google's own apps and services. CEO Sundar Pichai has penned a response that outlines where the company disagrees, pointing out the ease with which users can install alternatives to Google's pre-loaded apps, and making clear that the company plans to appeal the Commission's decision.

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Google says Android provides choice, plans to appeal EU antitrust fine was written by the awesome team at Android Police.

Google hit with record $5 billion Android antitrust fine by EU

Wednesday, July 18th, 2018

The amount Google must pay the European Commission for its latest antitrust fine has now been revealed as a record 4.34 billion euros ($5.06 billion). That figure dwarfs the $2.7 billion fine Google previously received for giving preferential treatment to its own shopping comparison tools in searches.

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Google hit with record $5 billion Android antitrust fine by EU was written by the awesome team at Android Police.

Google may face another EU antitrust fine next month

Thursday, June 7th, 2018

Last year, the European Union issued Google a $2.7 billion fine after the company was found guilty prioritizing its own shopping results over those from competitors. According to Reuters, Google is in hot water yet again, as the company is expected to be hit with another major EU fine.

The fine is likely to be larger than the previous $2.7 billion penalty, and focuses on anti-competitive prices like "prevent[ing] smartphone makers from promoting alternatives to apps such as Google Search and Maps."

After Google learned that the EU was preparing another fine, it allegedly wanted to have a closed-door hearing to present its case, but the request was denied.

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Google may face another EU antitrust fine next month was written by the awesome team at Android Police.

ZTE agrees to $1 billion fines, replaces board of directors, to continue US operations

Thursday, June 7th, 2018

After the U.S. Department of Commerce banned ZTE from importing US-made components, due to the company violating an agreement it made in 2017, ZTE shut down most operations while it fought to lift the ban. Earlier this month, Trump announced he wanted to help ZTE, as part of negotiating a trade deal with China.

The President said the company would have to pay a $1.3 billion fine and change management for the ban to be lifted, and a few days ago, ZTE reportedly reached an agreement with the Department of Commerce.

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ZTE agrees to $1 billion fines, replaces board of directors, to continue US operations was written by the awesome team at Android Police.

Google and Facebook are already being accused of violating GDPR laws

Friday, May 25th, 2018

The new GDPR rules have barely been in effect for more than a few hours, but Google and Facebook are already being hit with a complaint for failing to comply with the regulation's requirements. According to privacy group noyb.eu, both companies are engaging in so-called "forced consent," which is the practice of bundling consent into an all-or-nothing package instead of the granular approach to consent required by the GDPR.

GDPR rules stipulate that companies may be fined up to the greater of €20 million or 4% of annual revenue, and that's precisely the amount the complaint is seeking.

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Google and Facebook are already being accused of violating GDPR laws was written by the awesome team at Android Police.

FCC fines robocaller $120 million for massive neighbor spoofing operation

Saturday, May 12th, 2018

Ever got one of those annoying robocalls, but the number looked local or even familiar? Well, those of us that have might have some modicum of vindication. Yesterday, the FCC issued a $120 million fine to Adrian Abramovich, who was found to have made almost 100 million spoofed phone callsabout a timeshare or other travel-related things.

Proposed in the summer of 2017, this is the largest forfeiture ever imposed by the Commission.

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FCC fines robocaller $120 million for massive neighbor spoofing operation was written by the awesome team at Android Police.

Google fined $21 million in India for ‘search bias’

Friday, February 9th, 2018

The Competition Commission of India (CCI), that country's antitrust watchdog, has imposed a 1.36 billion-rupee ($21.17 million) fine on Google for what the organization is calling "search bias." The fine is the end result of a probe that began in 2012, spurred by complaints filed by matchmaking service Bharat Matrimony and the non-profit Consumer Unity and Trust Society.

“Google was found to be indulging in practices of search bias and by doing so, it causes harm to its competitors as well as to users,” the CCI said in a written order, citing the prominent position of Google Flights in search results relating to air travel.

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Google fined $21 million in India for 'search bias' was written by the awesome team at Android Police.

Qualcomm fined €997 million for anticompetitive practices (again) by the EU

Wednesday, January 24th, 2018

The European Commission has fined chipmaker Qualcomm €997 million ($1.24 billion) for abusing its market dominance in LTE baseband chipsets. The decision comes as the result of an investigation covering the period from 2011 to 2016, during which Qualcomm paid Apple to exclusively use its LTE chips in iPhones and iPads.

"Qualcomm illegally shut out rivals from the market for LTE baseband chipsets for over five years, thereby cementing its market dominance.

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Qualcomm fined €997 million for anticompetitive practices (again) by the EU was written by the awesome team at Android Police.

Qualcomm fined $773 million by Taiwan’s FTC for allegedly anticompetitive practices

Thursday, October 12th, 2017

Yesterday the Taiwan FTC (Fair Trade Commission) fined Qualcomm an incredible $773 million (TWD 23 billion) for allegedly violating antitrust rules in the country over the last seven years. In a press release posted yesterday, Qualcomm says that it disagrees with the decision and intends to seek a stay while appealing. This is after both the Korean FTC imposed a fine of $854 million and the US FTC leveraged its own charges against the chipset manufacturer earlier this year

Qualcomm's been involved in an incredible number of high-profile lawsuits recently.

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Qualcomm fined $773 million by Taiwan's FTC for allegedly anticompetitive practices was written by the awesome team at Android Police.

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