Techsemut English

Brief: Google slapped with record-breaking $2.7b antitrust fine by EU regulator

Brief: Google slapped with record-breaking $2.7b antitrust fine by EU regulator

Brief: Google slapped with record-breaking $2.7b antitrust fine by EU regulator
June 28
11:07 2017

The news:

  • The European Commission – the European Union’s top administrative body and antitrust regulator – has fined Google US$2.73 billion for anti-competitive business practices. The Commission found that the US company’s web search function gave undue prominence to its own price comparison service in search results.
  • When users enter a query into Google’s search engine, Google Shopping price comparisons appear higher in the list of search results than those of competing services which, unlike Google Shopping, are subject to search algorithms demoting them.
  • Evidence considered by the Commission shows that the most highly ranked competitor service appears, on average, on the fourth page of search results produced by Google’s search engine.
  • The Commission has demanded that Google end this conduct within 90 days, or face additional penalty payments of up to 5 percent of the average daily global turnover of its parent company Alphabet.

Why it matters:

Converted from euro. Rate: US$1 = €0.89.

Source: Bloomberg.

Editing by Judith Balea

(And yes, we’re serious about ethics and transparency. More information here.)

About Jack

Hello, world. I’m the latest addition to the Tech In Asia news team.

source : techinasia

Related Articles

0 Comments

No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment

Your email address will not be published.
Required fields are marked *