Is anyone surprised that Google didn't come from Europe, and the next one isn't either? Good for Europe. Go out there and extract that pound of flesh from the foreign company and show domestics what a powerful government regulator looks like, show them that their business is better started in another country. Is what it is. Hope the tax revenue offsets the lack of innovation and talent flight. But I think Google News…
But it means that you're not getting the full picture when it comes to the actions of EU competition authorities. How do you know whether or not US conglomerates are specifically targetted if you know next to nothing about their other rulings?
That said, I also think that competition policy is mostly misguided (and not just in Europe). It's ineffective and they often try to fix things that fix themselves over time anyway. Browser choice on Windows? Was that really something that needed regulators to step in? I don't think so.
But there are other areas where I think Europe is right to take a harder line. Privacy is one of those things. I actually want services that only work if they can spy on everyone completely unimpeded to be sub-standard.