Google

Google Slapped with Record Fine by the European Union

Google is in hot water with the European Union again and has been fined a record $2.7 billion for what the head of antitrust enforcement says is illegal, anti-competitive behavior. The EU says that the search giant has been unfairly favoring its own comparison shopping service in search results whenever customers look for products online. Google is considering an appeal. The decision could compel the company to change its approach to search results, thereby diminishing its ability to attract advertising revenue. It may have broader implications as well. According to the Washington Post, the record fine “may wind up steering the evolving boundaries of tech-industry regulation, defining the government’s power to shape a company’s behavior on the Web—even one as powerful as Google.” —TV

Source