Joaquín Almunia, the EU’s chief antitrust officer, said of Google:
They are monetising this kind of [vertical search] business, the strong position they have in the general search market and this is not only a dominant position, I think – I fear – there is an abuse of this dominant position.
Almunia noted that Google gets about 90% of all EU search traffic, an even higher proportion than it gets in the U.S. Google’s competitors, including especially Microsoft Corp. (NASDAQ: MSFT) are likely to press the EU for much tougher restrictions than the FTC imposed or that the EU will probably impose.
Take Charge of Your Retirement: Find the Right Financial Advisor For You in Minutes (Sponsor)
Retirement planning doesn’t have to feel overwhelming. The key is finding professional guidance—and we’ve made it easier than ever for you to connect with the right financial advisor for your unique needs.
Here’s how it works:
1️ Answer a Few Simple Questions
Tell us a bit about your goals and preferences—it only takes a few minutes!
2️ Get Your Top Advisor Matches
This tool matches you with qualified advisors who specialize in helping people like you achieve financial success.
3️ Choose Your Best Fit
Review their profiles, schedule an introductory meeting, and select the advisor who feels right for you.
Why wait? Start building the retirement you’ve always dreamed of. Click here to get started today!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.