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Google slapped with record €2.4 billion fine by EU

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Staff Writer | June 27, 2017
The European Commission has hit Google with a record €2.4bn fine for promoting its own shopping comparison service ahead of competitors.
Google
Technology   European regulators have led a recent crackdown
Google has been ordered to pay the fine and cease the anti-competitive practices within 90 days or face further action.

The fine is the largest dished out to a company by the Commission for attempting to interfere with the market.

The seven-year probe was triggered by a variety of complaints made by Google's rivals in the US and Europe.

European regulators have led a recent crackdown on some of the biggest U.S. tech firms, with Apple recently the subject of a demand to pay back €13bn in unpaid taxes to the Irish government.

The largest fine handed out for an antitrust case before today was to chipmaker Intel in 2009, when it was ordered to pay €1.06bn.


 

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