Google Fined by European Union

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Europe Fines Google

Internet giant Google remains fined of a record Euro 2.4 billion ($2.72 billion) with the European Union's competition watchdog for breaching antitrust rules using its Google Shopping service.

Google has mistreated its market dominance being an internet search engine through providing an unlawful benefit to another Google product, its price comparisons service," European regulators stated.

According to AP report, the regulators gave the corporation three months to avoid or face fines up to five percent from the average daily worldwide turnover of parent company Alphabet.

The EU competition authority accused Google in April 2015 of distorting search on the internet results in favour its Shopping service, harming both rivals and consumers.

The United States company has previously rejected the costs, stating that regulators overlooked competition online retailers Amazon.com and eBay Corporation.

Google made three unsuccessful tries to settle the problem while using the previous European Competition Commissioner Joaquin Almunia inside a bid to prevent a potential fine along with a finding of wrongdoing.







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