Second-quarter profits have been affected at Google and its parent company Alphabet, with the hefty European Union fine levied on the search giant and traffic acquisition costs being two factors responsible.
The European Commission has hit Google with a fine of €2.42 billion (US$2.7 billion) for allegedly abusing its search engine dominance to give illegal advantage to its own comparison shopping service.
Many people are familiar with the laws of thermodynamics. But they are unaware that there's been an addition to the number recently. The new law states that if a technology company is successfully avoiding paying its fair share of tax, then it can do no wrong.
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