European Union imposed Record 2.42 billion-euro Fine to Google

European union imposed fine on Google

Google has been penalised by the EU’s antitrust chief for benefiting its own shopping business with the help of its domination in online search community. The fine of 2.42 billion-euro which is equivalent to $2.72 was imposed on 27 June, 2017.

As per the report it is the highest ever fine imposed on any company by the European Union. It surpassed earlier fine imposed by the EU in 2009 on Intel which was 1.06-billion-euros.

The fine has been enforced after a seven year long investigation on complaint filed by competitors of Google like Yelp, TripAdvisor, UK price comparison site Foundem, News Corp and lobbying group FairSearch.

Further Google has been asked to stop this activity within 90 day otherwise more fine may be imposed which may be the 5% of its total worldwide revenue from its parental company Alphabet.

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