Google loses appeal of $2.8 billion fine in E.U. antitrust case.

In a major ruling that bolsters the European Union’s efforts to clamp down on the world’s largest technology companies, Google lost an appeal on Wednesday to overturn a landmark antitrust ruling by European regulators against the internet giant. The decision by the Luxembourg-based General Court related to a 2017 decision by the European Commission, the bloc’s executive branch, to fine Google 2.4 billion euros (about $2.8 billion) for giving preferential treatment to its own price-comparison shopping service over rival services. The penalty was the first of three issued by Margrethe Vestager, the European Commission’s top…

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Alphabet Loses Google Ventures Founder Bill Maris, But ‘Everything Is Great’

Bill Maris, the founder and CEO of Alphabet’s GV (formerly known as Google Ventures), is leaving the company. GV is the venture capital investment arm of Alphabet, which was founded in 2009. GV has made investments in many companies such as ride-hailing service Uber, health food company Impossible Foods, discount online retailer Jet.com, which was recentlyacquired by Walmart for $3.3 billion, and more. During an interview with Recode, Maris revealed that he had spent about eight years in GV and he is leaving to spend time with his family. “I have…

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