google hit with record eu fine over shopping service
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

Google hit with record EU fine over Shopping service

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice Google hit with record EU fine over Shopping service

Google Shopping ads appear at the top
Geneva - Emirates Voice

Google has been fined 2.42bn euros ($2.7bn; £2.1bn) by the European Commission after it ruled the company had abused its power by promoting its own shopping comparison service at the top of search results.
The amount is the regulator's largest penalty to date against a company accused of distorting the market.
The ruling also orders Google to end its anti-competitive practices within 90 days or face a further penalty.
The US firm said it may appeal.
However, if it fails to change the way it operates the Shopping service within the three-month deadline, it could be forced to make payments of 5% of its parent company Alphabet's average daily worldwide earnings.
Based on the company's most recent financial report, that amounts to about $14m a day.
The commission said it was leaving it to Google to determine what alterations should be made to its Shopping service rather than specifying a remedy.
"What Google has done is illegal under EU antitrust rules," declared Margrethe Vestager, the European Union's Competition Commissioner.
"It has denied other companies the chance to compete on their merits and to innovate, and most importantly it has denied European consumers the benefits of competition, genuine choice and innovation."

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

google hit with record eu fine over shopping service google hit with record eu fine over shopping service

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

google hit with record eu fine over shopping service google hit with record eu fine over shopping service

 



GMT 05:06 2024 Tuesday ,06 February

New hunt for flight MH370 gets under way

GMT 06:15 2018 Tuesday ,23 January

Volkswagen clinches record sales

GMT 09:54 2018 Wednesday ,24 January

'Friendly and kind' N. Korean skaters

GMT 11:03 2018 Tuesday ,23 January

No end to eyesores at Taj Mahal

GMT 10:56 2017 Tuesday ,21 March

MP amongst Palestinians kidnapped by IOF overnight

GMT 18:05 2012 Friday ,09 November

Rome film fest favours emerging directors

GMT 12:19 2016 Monday ,28 March

Japan loses track of $273m black hole satellite

GMT 21:39 2017 Monday ,06 March

Arab Movement forces control Timbuktu

GMT 14:13 2017 Saturday ,11 March

CHELSEA Beat SWANSEA City 3-1

GMT 09:09 2017 Thursday ,21 September

Kagawa leads Dortmund 'fire engine' back

GMT 06:43 2017 Thursday ,23 March

Wael Jassar says he still works with Arabica

GMT 07:41 2017 Thursday ,16 March

IOF raid West Bank, injure five, arrest 23 by dawn

GMT 12:37 2017 Wednesday ,15 March

Antarctic penguin numbers

GMT 08:06 2017 Saturday ,09 December

Turkey's Erdogan holds visit to Greece

GMT 11:39 2017 Saturday ,25 February

Russian cargo ship docks

GMT 08:02 2017 Wednesday ,08 November

Dubai records 7.5% rise in tourists

GMT 20:37 2011 Friday ,05 August

NFL commissioner, union boss sign new deal

GMT 10:18 2018 Thursday ,30 August

Iran incapable of closing Hormuz, Bab Al Mandeb

GMT 20:43 2016 Wednesday ,11 May

Libya's Sarraj arrives in Cairo

GMT 12:08 2016 Monday ,12 December

Foreigners sell South Korean stocks in 6 months

GMT 02:50 2015 Saturday ,18 April

Positive indicators for Egypt economy
Emiratesvoice, emirates voice
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice