Google caught favoring itself over competitors, fined $2.7B in E.U. ruling

Google facing two more charges under bloc 'competition rules'

(INTELLIHUB) — Google has been fined €2.4B ($2.7B USD) after a European Union antitrust court ruled the tech giant knowingly favored itself over its competitors online search results.

Two additional charges under bloc ‘competition rules’ may arise.

“What Google has done is illegal under E.U. antitrust rules,” Commissioner Margrethe Vestager said in a statement. “It denied other companies the chance to compete on the merits and to innovate. And most importantly, it denied European consumers a genuine choice of services and the full benefits of innovation.”

Intel was the last to fall victim to Antitrust laws when the corporation was fined €1.2B in 2009.

Withal, the commissioner has also set her sights on the Apple corporation which reportedly owes back tax in Ireland.

Via Intellihub

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