financetom
Business
financetom
/
Business
/
Amid antitrust probe, Google CEO Sundar Pichai says don't regulate us for the sake of it
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Amid antitrust probe, Google CEO Sundar Pichai says don't regulate us for the sake of it
Jun 15, 2019 3:52 AM

Facing an antitrust probe from the US government, Google chief executive officer Sundar Pichai has cautioned against those who may want to regulate the tech giants "for the sake of regulating."

In an interview with CNN Business, Pichai said his company had gone through similar situations in Europe, so the probe wasn't a surprise for them. "For some of the other companies, maybe the scrutiny is newer," Pichai said on Friday.

"Scrutiny is right, and we will participate constructively in these discussions," he said and added: "I worry that if you regulate for the sake of regulating it, it has a lot of unintended consequences."

According to media reports, the US Department of Justice is preparing to open a case against Google for potential anti-trust violations.

The news comes amid the debate on whether large technology companies like Facebook should be broken up.

On an anti-trust complaint from the European Commission regarding the ranking of shopping search results and ads in 2010, Google was fined $2.7 billion in 2017.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Why Is Target Stock Trading Higher Today?
Why Is Target Stock Trading Higher Today?
Mar 5, 2024
Target Corp ( TGT ) shares are trading higher after it reported fourth-quarter FY23 revenue growth of 1.7% year-on-year to $31.92 billion, beating the analyst consensus estimate of $31.83 billion. Comparable sales declined 4.4% in the fourth quarter, reflecting comparable store sales declines of 5.4% and comparable digital sales decline of 0.7%. Gross margin for the quarter expanded by 290 basis points...
Uber Partnering with Mastercard and Payfare to Launch New Uber Pro Card in Canada
Uber Partnering with Mastercard and Payfare to Launch New Uber Pro Card in Canada
Mar 5, 2024
07:49 AM EST, 03/05/2024 (MT Newswires) -- Uber announced Tuesday a new partnership with Mastercard and Payfare ( PYFRF ) , which lost more than 3% on the TSX yesterday, to launch the Uber Pro Card, providing free instant payouts after every trip or delivery and enhanced loyalty features for drivers and delivery people on the Uber platform in Canada,...
Cisco's Splunk deal set to win unconditional EU antitrust OK, sources say
Cisco's Splunk deal set to win unconditional EU antitrust OK, sources say
Mar 5, 2024
BRUSSELS (Reuters) - Cisco Systems ( CSCO ) is set to secure unconditional EU antitrust approval for its $28 billion bid for cybersecurity firm Splunk ( SPLK ), two people with direct knowledge of the matter said on Tuesday. The deal announced last year and Cisco's ( CSCO ) biggest ever will boost its software business amid a boom in...
Singapore's Temasek in talks to invest in OpenAI, FT reports
Singapore's Temasek in talks to invest in OpenAI, FT reports
Mar 5, 2024
(Reuters) - Singapore's Temasek Holdings is in discussions to invest in Microsoft ( MSFT )-backed artificial intelligence company OpenAI, the Financial Times reported on Tuesday, citing two people familiar with the matter. Senior executives at Singapore's state investment firm have met ChatGPT maker's CEO, Sam Altman, multiple times in recent months, the report added. OpenAI did not immediately respond to...
Copyright 2023-2026 - www.financetom.com All Rights Reserved