Not on My Watch: EU Commission Punishes Google for €2.42 Billion
On June 26 (2017), news released from the European Commission headquarters in Brussels found technology giant Google being fined for a record €2.42 billion (approximately US$2.73 billion) primarily for “giving illegal advantage[s] to own comparison shopping service[s].” In a recent press release (issued on June 27), Commissioner Margrethe Vestager praised Google’s innovating products and how it impacts the lives of its consumers. However, this was before Google was accused of abusing its market dominance with its search engine to promote its very own shopping service, fostering “unhealthy” competition for its rivals. Vestager mentioned that the actions performed by Google during the last years, such as denying other companies the ability to compete on their merits and denying EU citizens a free choice of services, are considered illegal under EU antitrust regulations.
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