EU fines Google $2.7 billion for breaking antitrust law

The decision came after seven years of investigation which concluded that Google abused its market position and fixed search algorithms.

@LanaJelic
Published Tue, Jun 27 2017 12:23 PM CDT   |   Updated Tue, Nov 3 2020 11:55 AM CST

The EU (European Union) has fined Google for a record $2.7 billion for tampering with results on Google Shopping.

EU fines Google $2.7 billion for breaking antitrust law | TweakTown.com

The decision came after seven years of investigation which concluded that Google abused its market position and fixed search algorithms.

The European Commission said in their ruling that Google has 90 days to "stop favoring its own shopping service or face a further penalty per day of up to 5 percent of Alphabet's average daily global turnover", reports Reuters.

However, Google can appeal the decision.

"We respectfully disagree with the conclusions announced today. We will review the Commission's decision in detail as we consider an appeal, and we look forward to continuing to make our case," Kent Walker, Google's general counsel, said in a statement.

NEWS SOURCE:reuters.com

Lana has a passion for technology and science. She spends her time looking for the latest and most interesting technology and science news. Her passion is in gadgets, wearables, and other cool and interesting applications of technology or science. She also spends her free time gaming in MMOs like World of Warcraft. She has prior experience covering technology for publications and breaking news. If she’s not doing either, you might just find her exploring the metaverse in VR. Lana wants to expand TweakTown’s coverage of mobile, wearables and gadgets while also bringing her experience with science and general tech to TweakTown. Her area of coverage is around science, technology, smartphones, wearables, and general neat gadgets. She hopes to one day be able to drive around in her self-driving car while she schedules an appointment for a SpaceX trip to the moon on her smartwatch.

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