Home Daily Blitz Google-EU Antitrust Case: Search Giant Expected To Be Hit With Record Fine
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Google-EU Antitrust Case: Search Giant Expected To Be Hit With Record Fine

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The following is an excerpt from AJ DELLINGER | ibtimes.com | June 26, 2017 |

Google faces a record-setting antitrust fine from the European Union as early as Tuesday for favoring its own shopping search service over smaller competitors, Bloomberg reported.

The fine expected to be handed to Google later this week likely will top a previous record of $1.2 billion. The ruling is expected be rubber-stamped by EU commissioners and handed down by EU Competition Commissioner Margrethe Vestager, bypassing the typical requirement for EU decisions to be considered at a weekly meeting by all 28 commissioners.

The fine is the result of a seven-year inquiry into Google’s practices, sparked by complaints from a number of competing retailers including News Corp., Axel Springer SE and Microsoft.

At the center of the issue is how Google displays search results for products. Smaller price comparison websites argue Google has harmed their businesses by prominently displaying results that have purchased placement — complete with photos and prices of the product — ahead of the results provided by competitors, which are often just standard links with no images or other frills.

For more visit: ibtimes.com

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