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EU antitrust regulators slapped a record 2.42-billion-euro ($2.7 billion) fine on Alphabet unit Google on Tuesday by illegally favouring its shopping service.

The European Commission said the world’s most popular internet search engine has 90 days to end its anti-competitive practice or face penalty payments up to 5 percent of Alphabet’s average daily worldwide turnover.

Continue reading:  EU antitrust regulators hit Google with record 2.42 billion euro fine

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2 thoughts on “EU antitrust regulators hit Google with record 2.42 billion euro fine

  1. Google is huge, so I hope $2.7 billion is more than a business expense for them. In any case, kudos to the EU antitrust regulators for doing their jobs and enforcing the law. Their 7-year investigation must have been very costly.

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