The European Union's efforts to regulate Google are missing the point in focusing the tech giant's competitive position as opposed to more pertinent issues like data privacy, said Roger McNamee, co-founder of Elevation Partners.
"I look at all of these attempts in Europe to regulate Google and I want to say 'guys, you just need to be reading the newspaper. You need to be running a little bit closer to what's really going on.' Focusing on the issues from three or four years ago isn't going to work," McNamee said Monday on CNBC's "Squawk on the Street."
McNamee made his remarks nearly two weeks after the EU filed antitrust charges against the tech giant, alleging the company "abused its dominant position" in the Internet search market.
"I observe the real battles here are about privacy and about people's control of private information [but] whenever they go into things of competitiveness … I think they're making a terrible mistake," McNamee said.