Google slammed with record fine from EU
Bad news for Google.
The European Commission has fined the tech giant a record €2.42 billion ($2.72 billion; £2.13 billion) for "abusing dominance as search engine" by promoting its own shopping comparison service over others.
The ruling also puts a 90-day deadline for Google to end its anti-competitive practices or risk paying up to 5% of the average daily worldwide turnover of Alphabet, Google's parent company.
"Google abused its market dominance as a search engine by promoting its own comparison shopping service in its search results, and demoting those of competitors," Commissioner Margrethe Vestager said. Read more...
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COntributer : Mashable http://ift.tt/2shznZD
Google slammed with record fine from EU
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Tuesday, June 27, 2017
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