Google fined record EUR 2.4 billion fine for abuse of dominance
On Tuesday, the European Commission fined Google EUR 2.42 billion for discriminating in favour of its own comparison shopping service and degrading rival comparison sites. This concluded a seven-year long investigation, the first in a series of Commission investigations into Google’s business practices.
The record-breaking fine underscores the gravity of Google’s conduct, in the Commission’s eyes; but the lasting impact of the decision will be seen in the future behaviour of online business. The decision means that Google must change its business practice over the course of the next three months or face additional fines.
Internet search certainly remains a space to watch closely.
Read our report on Google’s record fine.