Google Bag $2.7 Billion Fine By Europe’s Anti-trust Agency Over Foul Play

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The world’s most popular internet search engine Google, has been bag with $2.7 billion fine by Europe’s anti-trust agency over foul play in dominating
searches and smartphones. 

The fine signalled a tough stance by the agency in the first of three investigations into the company’s dominance in searches and smartphones. It is the biggest fine the EU has ever imposed on a single company in an anti-trust case, exceeding a 1.06-billion-euro sanction handed down to U.S. chipmaker Intel in 2009, Reuters reported. 

The European Commission said the world’s leading technology company has 90 days to stop favouring its own shopping service or face a further penalty per day of up to 5 percent of Alphabet’s average daily global turnover. 

The fine, equivalent to 3 percent of Alphabet’s turnover, is the biggest regulatory setback for Google, which settled with U.S. enforcers in 2013 without a penalty after agreeing to change some of its search practices.

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