EU Fines Google $2.72 Billion For Unfair Practices
Posted on 6/27/2017 by Jim Pickerell | Printable Version |
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The European Commission, which polices European Union competition rules, has imposed a €2.42 billion euros ($2.72 Billion) fine on Google for breaching antitrust rules with its online shopping service. The ruling alleges that "Google has abused its market dominance as a search engine by giving an illegal advantage to another Google product, its comparison shopping service." Google was given 90 days to stop or face fines of up to 5 percent of the average daily worldwide turnover of parent company Alphabet.
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Jim Pickerell.
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