Chris, can you believe it? The European Union has fined Google $5 billion.<br />What? $5 billion? That's really unbelievable. But why?<br />It's because Google broke EU rules for market competition.<br />Google is the maker of the Android mobile operating system for mobile phones and similar devices.<br />Google requires mobile phone producers to install Google search software in their phones.<br />Google made having the search software a condition of letting phone makers link to Google's app store.<br />Also, Google paid big phone producers to only install the Google search app.<br />I think it must be the biggest EU fine for anti-competitive methods.<br />You're right. The fine is the biggest the EU has ever given to a company for anti-competitive activities.<br />Will Google be able to pay it?<br />Don't worry about that. The size of the fine isn't that large if the company's income is considered.<br />Google is part of the technology company Alphabet, based in Mountain View, California.<br />Alphabet had income of about $31 billion in the first three months of 2018.<br />It really makes a lot of money.<br />Definitely. Do you know the EU also fined Google in June of 2017?<br />No. How much was it fined?<br />Just $2.2 billion less. Oh, the manager is getting in. Let's return to work.<br />Chris, can you believe it? The European Union has fined Google $5 billion.<br />What? $5 billion? That's really unbelievable. But why?<br />It's because Google broke EU rules for market competition.<br />Google is the maker of the Android mobile operating system for mobile phones and similar devices.<br />Google requires mobile phone producers to install Google search software in their phones.<br />Google made having the search software a condition of letting phone makers link to<br />Google's app store. Also, Google paid big phone producers to only install the Google search app.<br />I think it must be the biggest EU fine for anti-competitive methods.<br />You're right. The fine is the biggest the EU has ever given to a company for anti-competitive<br />activities. Will Google be able to pay it?<br />Don't worry about that. The size of the fine isn't that large if the company's income is<br />considered. Google is part of the technology company Alphabet based in Mountain View, California.<br />Alphabet had income of about $31 billion in the first three months of 2018.<br />It really makes a lot of money.<br />Definitely. Do you know the EU also fined Google in June of 2017?<br />No. How much was it fined?<br />Just $2.2 billion less. Oh, the manager is heading in. Let's return to work.
