8 February, 2012

Microsoft Slapped with a 1.4Bil Fine!

Microsoft have been slapped with the record fine of $1.4 Billion!! Microsoft must now pay a record 899m euros ($1.4bn; £680.9m) after it failed to comply with a 2004 ruling that it abused its position.The ruling said that Microsoft was guilty of not providing key code to rival software makers.

EU regulators said the firm was the first to break an EU anti-trust ruling.The fines come on top of earlier fines of 280m euros imposed in July 2006, and of 497m euros in March 2004.

Thats a crazy amount of money for a fine but then again its nothing for a company of the magnitude of Microsoft!Ir should always be a even playing field and a monopoly can be nothing but bad for the consumer.

Source

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