The Traderszone Network

Published in TZ Latest News 27 June, 2017 by The TZ Newswire Staff

Google Hit With $2.7B Fine By The European Commission For Anti-Competitive Practices

The European Commission has spoken when it comes to Google — and as of today, it has spoken loudly.

Google has been ordered to pay 2.4 billion euros ($2.7 billion) in fines by the European Union’s financial enforcers, who have determined that Google cooked its search results so as to benefit its own shopping services — and disadvantage the services of others.

Apart from the hefty fine, the EC has given Google 90 days to “stop its illegal conduct” and offer other price comparison services the chance to compete on a balanced playing field.

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