Google to Face a Record $3.4 Billion AntiTrust Fine in Europe
May 16, 2016
Google faces a record anti-trust penalty of about 3 BILLION Euros (US$3.4 Billion) from the European Commission in the coming days, according to reports. After 7-years of the investigation, the European Commission filed anti-trust charges against Google last year for violating antitrust laws. The European Union accused the search engine giant that it had abused its dominance in search by unfairly prioritize and displaying its own comparison shopping service at the top of its search results at the expense of rival products. British newspaper The Sunday Telegraph reports that the European Union is currently preparing a fine of about 3 Billion Euros ($3.4 billion), which is almost triple the amount (1.06 Billion Euro) that Intel was levied several year ago over violating antitrust law. According to the newspaper's sources, the EU officials, led by Margrethe Vestager , are planning to openly announce the fine against Google as early as next month, although the exact figure...