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Google fined 2.42 billion euro for suspected EU monopoly
It was reported on June 28 that the European Commission announced that it would impose a fine of 2.42 billion euro on Google because it favored its service Google shopping in search results, and ordered Google to end its antitrust behavior in the next 90 days, or it would face a fine of 5% of the global average daily revenue of its parent company alphabet.
This anti-monopoly penalty is the largest fine in the history of EU anti-monopoly, exceeding the 1.06 billion euro fine imposed by the EU on Intel in May 2009.
"There is no denying that Google has developed many innovative products and services, which have greatly changed our lives," the EU antitrust commissioner said in a statement. However, Google abused its dominant position in the search market to promote its service by Google shopping and suppress the services of its competitors. Google's behavior has violated the EU's fair competition laws. It prevents other companies from competing with their competitors. More importantly, it obliterates the consumers' choice and stifles innovation. "
Google fined 2.42 billion euro for suspected EU monopoly
It was reported on June 28 that the European Commission announced that it would impose a fine of 2.42 billion euro on Google because it favored its service Google shopping in search results, and ordered Google to end its antitrust behavior in the next 90 days, or it would face a fine of 5% of the global average daily revenue of its parent company alphabet.
This anti-monopoly penalty is the largest fine in the history of EU anti-monopoly, exceeding the 1.06 billion euro fine imposed by the EU on Intel in May 2009.
"There is no denying that Google has developed many innovative products and services, which have greatly changed our lives," the EU antitrust commissioner said in a statement. However, Google abused its dominant position in the search market to promote its service by Google shopping and suppress the services of its competitors. Google's behavior has violated the EU's fair competition laws. It prevents other companies from competing with their competitors. More importantly, it obliterates the consumers' choice and stifles innovation. "