E.U. fines Google a record $2.7 billion in antitrust case over search results

[Sagar]

BRUSSELS — The European Union’s antitrust chief hit Google with a record $2.7 billion fine Tuesday, saying the powerful Web search leader illegally steered users toward its comparison shopping site and warning that other parts of Google’s business were in the crosshairs.

The fine is the largest the E.U. has levied against a company for abusing its dominant position, and it marked the latest confrontation over business practices between E.U. regulators and American tech giants. Google could face dizzying additional penalties if it fails to comply.

“Google has abused its market dominance in its search engine by promoting its own shopping comparison service in its search results and demoting its competitors,” E.U. competition chief Margrethe Vestager told reporters in Brussels.

E.U. fines Google a record $2.7 billion in antitrust case over search results

 

[sumitroy]

The Woman Behind Google’s $2.7 Billion Fine (HBO)

 

[Omi]

Not a good decision by EU.

 

[Sarkar]

Actually it is. They are not stupid like we Indians

 

[sumitroy]

Google was hit with a record-breaking $2.7 billion fine last month by the European Commission for breaking antitrust laws. The EU says Google demoted rivals and unfairly promoted its own services in search results related to shopping. While the fine is the largest antitrust judgement ever, an even bigger fine could be on the way for Google.
Google's next EU fine could be even bigger for Android violations