Breaking News, Technology

Google slapped with $2.7bn (R32.6-billion) fine

US tech giant Google suffered a record-breaking blow this week as the European Union announced it would issue a €2.42bn (R32.6 billion) fine as a result of the firm allegedly failing to comply with EU antitrust regulations.

According to regulators, the tech firm denied real choice to consumers and deprived competitors from being able to publicise themselves by instead pushing and promoting its own online shopping service in searches.

After an extensive investigation, the European Union found last week that Google has, for many years, violated European antitrust law by rigging its general search results to favor its own comparison shopping service over rivals.

 

Reaction:

Subscribe to our mailing list

* indicates required
Tags:
Loading...