Google Fined A Record $5 Billion Fine

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The European Union hit Google with a record $5 billion antitrust fine, accusing the company of illegally using its Android mobile operating system to cement its dominance over other online services.

“These practices have denied rivals the chance to innovate and compete on the merits,” Margrethe Vestager, the European Commission’s competition chief, said. “They have denied European consumers the benefits of effective competition in the important mobile sphere. This is illegal under EU antitrust rules.”

The decision tops the record previously set by the $2.7 billion fine that Vestager hit Google with last year for its practice of elevating its own comparison shopping service in search results over rivals’ services. The EU also has an open antitrust investigation into Google’s advertising practices.

 

Read more at The Hill.

{Matzav.com}

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