Jun 28, 2017

Heavy fine imposed on Google

Google Corporation has been fined a record €2.7 billion, according to foreign media reports.

The fine was imposed by The European Union’s antitrust regulator, while it is the biggest fine imposed on a company by the EU so far.

The fine was imposed on Google for favouring its own comparison-shopping service in search results and ordered the search giant to apply the same methods to rivals as its own when displaying their services.

The EU had given Google 90 days to end the conduct and explain how it would implement the decision, or face additional penalties of up to 5 per cent of average daily global revenue, the EU said. The fine was later imposed as Google had failed to comply.