Google fined record 2.4bn euros by EU
The EU hit Google with a record 2.4-billion-euro anti-trust fine Tuesday for favoring its own shopping service, in a fresh assault on a US tech giant that risks the wrath of President Donald Trump.
Hard-charging European Commission competition chief Margrethe Vestager said Google had abused its market dominance as the world’s most popular search engine to give illegal advantage to its Google Shopping service.
What Google has done is illegal under EU antitrust rules. It denied other companies the chance to compete on the merits and to innovate, Denmark’s Vestager told a news conference.
And most importantly, it denied European consumers a genuine choice of services and the full benefits of innovation.
Google now has 90 days to end this conduct or face further penalty paymen...
