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Sundar Pichai, chief executive officer of Google
European Union regulators will slap Alphabet-owned Google which has a $5 billion antitrust fine for abusing the dominance of its Android mobile operating system, according to reports.
The case relates to the dominance of Google’s Android operating system, which will be one of the globe’s most well-liked mobile software systems, competing fiercely against Apple’s iOS. The Android OS controls more than 80 percent of smartphones globally.
The EU has scrutinized of which dominance, arguing of which Google should look to make competition fairer along with allow smaller players within the market to flourish. of which will be widely likely to fine the firm a record levy on Wednesday.
According to the Wall Street Journal, of which fine will amount to 4.34 billion euros ($5.06 billion). The Journal, citing an official familiar with the matter, said the decision will be not likely to be discussed at a meeting between EU Competition Commissioner Margrethe Vestager along with various other officials.
Shares of Alphabet, Google’s parent company, shed more than 1 percent during U.S. premarket trading.
You can read the full Wall Street Journal report here.