Google This: Google Hit With $2.7B Fine For ‘Manipulating …

Published on June 27, 2017

For the company who’s slogan ‘Don’t be evil’ was a slap at Microsoft, this ruling is awkward.

They’re planning to fight it, naturally.

They might have to fundamentally rethink the entire way they do dishes.

The European Union has handed Google a record-breaking €2.42bn (£2.14bn) fine for abusing its dominance of the search engine market in building its online shopping service, in a dramatic decision that has far-reaching implications for the company.

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By artificially and illegally promoting its own price comparison service in searches, Google denied both its consumers real choice and rival firms the ability to compete on a level playing field, European regulators said.

The Silicon Valley giant has 90 days to stop its illegal activities and explain how it will reform its ways or face fines of up to €10.6m a day, which equates to 5% of the average daily worldwide turnover of its parent company Alphabet. –read more

The ruling went on…

“Instead, Google abused its market dominance as a search engine by promoting its own comparison shopping service in its search results, and demoting those of competitors.

“What Google has done is illegal under EU antitrust rules. It denied other companies the chance to compete on the merits and to innovate. And most importantly, it denied European consumers a genuine choice of services and the full benefits of innovation.” — read more

What do you think? Are they busted, or will they be able to vindicate themselves?

Share if you think this is big news.

 

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