Tuesday, June 27, 2017

Google hit with record €2.4B fine for abusing EU antitrust laws to stifle rivals

In a shocking turn of events, Google has been handed a massive €2.4 billion fine by the European Commission after allegedly abusing its dominance as a search engine provider to give illegal advantage to its own shopping services. The company is now forced to end the anti-competitive conduct within a window of 90 days. Otherwise, it will face penalty payments of up to five percent of the average daily global turnover of its parent company Alphabet. “Google has abused its market dominance as a search engine by giving an illegal advantage to another Google product, its comparison shopping service,” the Commission…

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