German media boss says he’s scared of Google
Mathias Doepfner, the chairman of Axel-Springer SE, accuses Google of abusing its dominance
The head of Germany’s biggest media company says he is afraid of Google and has accused the internet giant of abusing its dominance in online search to squeeze out competitors, it has been reported.
Mathias Doepfner, the chairman of Axel-Springer SE, said he wants Google to become more transparent in comments published Wednesday by German daily Frankfurter Allgemeine Zeitung.
Doepfner said companies like his have no choice but to cooperate with Google even as they fight legal battles against the internet giant, because not doing so could spell the end of their business.
Google declined to comment when contacted by Al Arabiya News.
Doepfner's words come a week after Google chairman Eric Schmidt accused European publishers of stifling innovation.
Meanwhile, Google on Wednesday disclosed below-expectation first-quarter earnings, as the firm grapples with a downturn in advertising prices while spending more money to hire employees.
Although it remains among the world’s most profitable companies, Google is struggling to adjust to a shift away from desktop and laptop computers to smartphones and tablets.
Google earned $3.45 billion, or $5.04 per share, in the quarter. That was up 3 percent from $3.3 billion, or $4.97 per share, last year. Revenue rose 19 percent from last year to $15.4 billion.
(With The Associated Press and AP)