GOOGLE WAS FINED WITH 2,42 BILLION EURO BY THE EUROPEAN COMMISSION FOR ABUSE OF DOMINANT POSITION.

The European Commission has fined Google with 2,42 billion Euro for abuse of dominant position and the promotion of its own shopping service at the expense of the competition.
Google has come up with many innovative services and products that have changed our lives, but Google’s strategy for his service of products comparing has not been launched only to attract customers by making products better than their rivals. In exchange, Google has abused its dominant position in the market promoting within the results of its search engine its own service of product comparing to the detriment of their competitors. Google’s demeanor is illegal in accordance with the EU anti-trust rules.
The European Commissioner for Competition has concluded “the company denied the other companies the chance to compete in accordance with their merit and to innovate. Most important of all, denied the European consumers the possibility of choosing their services and to fully benefit from innovation.”.

Issued by: The European Commission

Date: 27.06.2017