Author Topic: EU fines Google a record 2.4 billion euros in antitrust case  (Read 602 times)

Offline mozart123

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The European Union slapped a record 2.42 billion-euro ($2.72 billion) fine on internet giant Google on Tuesday for taking advantage of its dominance in online searches to direct customers to its own online shopping business.

European regulators gave the company based in Mountain View, California, 90 days to stop or face more fines of up to 5 percent of the average daily worldwide revenue of parent company Alphabet.

Google says it is considering an appeal.

The European Commission, which polices EU competition rules, alleges Google elevates its shopping service even when other options might have better deals.

The Commission said Google "gave prominent placement in its search results only to its own comparison shopping service, whilst demoting rival services. It stifled competition on the merits in comparison shopping markets."
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Offline iamppej

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Re: EU fines Google a record 2.4 billion euros in antitrust case
« Reply #1 on: June 28, 2017, 06:23:44 AM »
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