MAS­SIVE GOOGLE FINE

Finweek English Edition - - THE WEEK -

Fol­low­ing a seven-year in­ves­ti­ga­tion, the Euro­pean Com­mis­sion on 27 June slapped Google with a €2.42bn an­titrust fine for abus­ing its dom­i­nance in search, ft.com re­ported. The com­mis­sion said it found Google abused its near-monopoly in on­line search to “give il­le­gal ad­van­tage” to its own shop­ping ser­vice by de­mot­ing ri­val companies’ ser­vices, it re­ported. Ac­cord­ing to the com­mis­sion, Google “sys­tem­at­i­cally” gave prom­i­nent place­ment to its own in-house ser­vice, while “even the most highly ranked ri­val ser­vice ap­pears on aver­age only on page four of Google’s search re­sults”, ft.com re­ported. Google said it dis­agreed with the find­ings, and will be con­sid­er­ing an ap­peal.

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