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EU hits Google with $2.7bn fine over abuse of market dominance

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The European Commission has fined American IT giant Google €2.42 billion ($2.7 billion) for breaching competition rules with its online shopping service.


The firm was accused of putting its Shopping Box at the top of search results, making other shopping websites less visible.

The Commission has been investigating Google’s parent company Alphabet for several years.

EU regulators said on Tuesday that "Google has abused its market dominance as a search engine by giving an illegal advantage to another Google product, its comparison shopping service.''

Google argued the allegation from Brussels "just doesn't fit the reality of how most people shop online."

"They reach merchant websites in many different ways: via general search engines, specialist search services, merchant platforms, social media sites, and online ads served by various companies," Kent Walker, Google's general counsel, has written, as quoted by CNBC.

"And of course, merchants are reaching consumers directly like never before. On the mobile web — and more than half of Europe's internet traffic is mobile these days — dedicated apps are the most common way for consumers to shop," he added.

The company has been given 90 days to stop the practice or face a fine of five percent of Alphabet's daily turnover.

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Muslim Global: EU hits Google with $2.7bn fine over abuse of market dominance
EU hits Google with $2.7bn fine over abuse of market dominance
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Muslim Global
http://www.muslimglobal.com/2017/06/eu-hits-google-with-27bn-fine-over.html
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