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Why Google May Shut Down Its European News Service

Naomi Gray
Updated
Why Google May Shut Down Its European News Service

Alphabet’s (GOOGL) Google is concerned about a proposed EU law that would require the company to pay royalties to EU publishers for displaying summaries of their news articles in Google’s news search results. Google is prepared to shut down its news service in EU countries if they adopt the proposed link tax in its present form, Google news executive Richard Gingras told The Guardian recently. For Google, there would be no direct financial loss if it shuts down its EU news service.

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