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Wednesday, June 28, 2017

EU fines Google a record $2.7 billion for favoring its own shopping service in search results

BRUSSELS — The European Union’s competition watchdog has slapped a record 2.42 billion euro ($2.72 billion) fine on internet giant Google for breaching antitrust rules with its online shopping service.

European regulators said Tuesday that “Google has abused its market dominance as a search engine by giving an illegal advantage to another Google product, its comparison shopping service.”

It gave the Mountain View, California, company 90 days to stop or face fines of up to 5 percent of the average daily worldwide turnover of parent company Alphabet.

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

Google maintains it’s trying to package its search results in a way that makes it easier for consumers to find what they want.

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1 comment:

Anonymous said...

Dumb Europeans. What do they expect? Big Macs on the Burger King menu? Of course Google is going to favor Google customers in its search engines, and for Google to try to claim anything else is disingenuous on its part.