Google Gets Smacked With $5 Billion Fine
Google has been hit with a $5 billion fine from the EU for breaching antitrust laws. The European Commission, which claims the internet giant abused its dominant position by imposing restrictions on Android manufacturers, could have fined it up to 10% of its annual revenue, or $11.1 billion.
Google has announced that it would be appealing against the record fine via a Tweet:
.@Android has created more choice for everyone, not less. #AndroidWorks pic.twitter.com/FAWpvnpj2G
— Google Europe (@googleeurope) July 18, 2018
Keep in mind that Google has previously been fined $2.7 billion fine last year for promoting its own shopping comparison service at the top of its search results. So there’s clearly some bad behaviour going on here as far as the EU is concerned.
August 13, 2018 at 10:27 am
[…] you can be that the Europeans are looking at this pretty closely and they are likely to slap Google even more than they have been. What’s become very clear to me this year is that the big players like Google, Facebook, […]