Economy

xchrom

(108,903 posts)

23. GERMAN OFFICIAL MULLS BREAKING UP GOOGLE

Fri May 16, 2014, 08:00 AM

May 2014

http://hosted.ap.org/dynamic/stories/E/EU_GERMANY_GOOGLE?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2014-05-16-07-20-51

BERLIN (AP) -- Germany's economy minister says Google may have such a dominant market position that a breakup of the company "must be seriously considered."

Sigmar Gabriel says such a move would be the "ultima ratio," or last resort, in an effort to prevent the Internet giant from systematically crowding out competitors.

Gabriel's comment Friday in an op-ed for German daily Frankfurter Allgemeine Zeitung comes a day after 400 companies submitted a competition complaint against U.S-.based Google to the European Commission.

Gabriel said corporate breakups had previously been necessary in the electricity and gas supply industries to prevent a single company from abusing its dominant position.

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