econintersect .com

FREE NEWSLETTER: Econintersect sends a nightly newsletter highlighting news events of the day, and providing a summary of new articles posted on the website. Econintersect will not sell or pass your email address to others per our privacy policy. You can cancel this subscription at any time by selecting the unsubscribing link in the footer of each email.

posted on 20 August 2016

Google's Russian Antitrust Fine Is Peanuts

by Felix Richter,

-- this post authored by Martin Armstrong

Google has been served an antitrust fine in Russia amounting to 6.75 million U.S. dollars.

The basis for the case is Google's supposed shutting out of competitor apps by requiring phone makers to preinstall Google-made software on their Android devices.

While the fine is potentially an indicator of more to come for the Mountain View company, the infographic below reveals just how small this financial slap on the wrist is for a company the size of Google. Based upon parent company Alphabet's revenue from Q2 2016, it would take a mere 41 minutes to earn the funds required to pay off the penalty.

This infographic compares the antitrust fine served by Russia to Google and the time it will take Google to earn that amount.

Infographic: Google's Russian antitrust fine is peanuts | Statista

You will find more statistics at Statista.

>>>>> Scroll down to view and make comments <<<<<<

Click here for Historical News Post Listing

Make a Comment

Econintersect wants your comments, data and opinion on the articles posted. You can also comment using Facebook directly using he comment block below.

Econintersect Contributors

Print this page or create a PDF file of this page
Print Friendly and PDF

The growing use of ad blocking software is creating a shortfall in covering our fixed expenses. Please consider a donation to Econintersect to allow continuing output of quality and balanced financial and economic news and analysis.

Keep up with economic news using our dynamic economic newspapers with the largest international coverage on the internet
Asia / Pacific
Middle East / Africa
USA Government

 navigate econintersect .com


Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day


Asia / Pacific
Middle East / Africa
USA Government

RSS Feeds / Social Media

Combined Econintersect Feed

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution



  Top Economics Site Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2018 Econintersect LLC - all rights reserved