BERLIN – Germany’s economy minister says Google may have such a dominant market position that a breakup of the company “must be seriously considered.”
Sigmar Gabriel says such a move would be the “ultima ratio,” or last resort, in an effort to prevent the Internet giant from systematically crowding out competitors.
Gabriel’s comment Friday in an op-ed for German daily Frankfurter Allgemeine Zeitung comes a day after 400 companies submitted a competition complaint against U.S-.based Google to the European Commission.
Gabriel said corporate breakups had previously been necessary in the electricity and gas supply industries to prevent a single company from abusing its dominant position.
He says his ministry would look into whether new rules for regulating Internet platforms are necessary before doing anything else.