EU fines Google a record 2.42 billion euros

EU fines Google a record 2.42 billion euros”

Google has been fined a record 2.4 billion euros ($2.7 billion) after European Union antitrust regulators concluded the first stage of their three-pronged probe into the world's most popular search engine.

The primary target of the case is Google Shopping, a price comparison feature built into the Google search engine.

The European Commission said that Google has 90 days to stop its unfair practices or Alphabet shall face a further penalty of up to 5 per cent of it's average daily global turnover. It may get fined up to 10 percent of its annual revenue about $ 9 billion for each investigation.

"Google's market dominance has given the company power to decide the fate of all but the biggest online service providers - in other words almost every company", said Fairsearch, a lobby of complainants, in a statement.

In the Android case, the European Union is investigating whether Google is crushing its rivals in the apps and services market by insisting Google services are pre-installed on all phones running Android.

Companies that pay for the tech giant's G Suite of products, including Gmail, Calendar, Docs and Sheets, have never had their messages scanned for advertising purposes, and Google said its free email package will now follow suit. Even on a desktop, the ten highest-ranking generic search results on page 1 together generally receive approximately 95 percent of all clicks on generic search results (with the top result receiving about 35 percent of all the clicks). These sudden drops could also not be explained by other factors. It also actively demotes rivals in its results through use of algorithms, making them less visible to consumers.

Margrethe Vestager, the European Commissioner for Competition, lauded Google for the "innovative products and services" that it has created to make a positive difference to our lives. That's a good thing.

The European Commission found that the USA tech giant used its search results to unfairly steer customers to its own shopping platform in a case that dates to 2010. This means that other small players no longer have a fair chance to attract customers for the same products as the results are already biased towards Google.

BGR India has reached out to Google to know more about EU's ruling. In response, Alphabet General Counsel Kent Walker said in an emailed statement to MarketWatch: "We respectfully disagree with the conclusions announced today".

The decision comes less than a year after Vestager shocked Washington and the world with an order that iPhone manufacturer Apple repay 13 billion euros in back taxes in Ireland. "We compete with Amazon and other sites for shopping-related searches by showing ever more useful product information". "Left unchecked, there are few limits to this gatekeeper power".

Like this


13 September 2017
Top Bookmakers Name Odds-On Favourites for 2017-2018 NBA Championship Success
As a result, the Warriors won the championship for a fifth time, taking back the title that they last won as recently as 2015. The two teams have met in the final for three consecutive years, with the Cavs picking up the title just once, in 2016.

27 June 2017
United States tariffs on solar panels could crush industry
The US ITC will make its decision in September this year, in regard to whether imports are causing harm to domestic producers. When a cell import tariff is added to the calculation only 26 state markets would reach solar grid parity, GTM notes.

27 June 2017
Congressional Budget Office: Senate health bill adds 22 million uninsured
Those now getting subsidies to afford health care will get stingier ones, leaving them only able to afford high-deductible plans. Warren, a leading liberal and defender of the Affordable Care Act , has opposed efforts to pass a bill to replace the law.

27 June 2017
Anadarko Petroleum Corporation (APC) Saw a 52-Week High
Anadarko Petroleum Corporation (Anadarko), launched on June 12, 1985, is an independent exploration and production company. Daruma Capital Mgmt Limited Liability Corp owns 3.53% invested in Brunswick Corporation (NYSE:BC) for 1.14 million shares.

27 June 2017
Boeing Beats Airbus; Shares Set To Fall
Boeing now expects 29,530 deliveries in the medium-haul single-aisle category, which is popular with low-priced airlines. CBD Aviation, which on Monday bought planes from Boeing , signed for 45 Airbus narrowbodies on Tuesday.

27 June 2017
Pregnant Serena Williams stars on the breathtaking new cover of 'Vanity Fair'
There's also an update on Williams's plan to return to competing on the women's circuit as soon as January 2018. She added that her immediate reaction was, "Oh my God, this can't be - I've got to play a tournament".

27 June 2017
China protests "trespassing" by Indian soldiers
The Chinese forces had in November 2008 destroyed some makeshift Indian army bunkers at the same place. Beijing also said the fate of Kailash Mansarovar Yatra depended on New Delhi .

27 June 2017
Substitute teacher charged with sexual contact with student
She became a teacher assistant in January and was removed April 27, the day the relationship was first reported to police. A detective interviewed the student on May 3 and Barclay on May 4, according to the probable cause statement.

27 June 2017
Speed Test: Samsung Galaxy S8 vs HTC U11 vs OnePlus 5
The OnePlus flagship killer is powered by 1.9GHz octa-core Qualcomm Snapdragon 835 processor and backed up with 8GB of RAM. The OnePlus 5 is running Android 7.1.1 and keeping the power on is a 3300mAh nonremovable battery.

23 June 2017
Marvel Looks To Shake Its Poor Gaming Reputation
The games are well designed with attractive graphics and extensive content, but neither is viewed as a flawless experience. These games tend to be actually well done for what they are, and in a way they’ve been the pride of Marvel gaming.