• Home
  • About Team
  • Privacy Rights
  • Work with us

HdSmokeCig

  • Money
  • Culture
  • Sci-tech
  • Sports
  • Global Media
  • Health Care
  • U.S.

Google fined $2.7bn by European Commission

  • by Patti Cortez
  • in Sci-tech
  • — Jun 29, 2017
Share:

Google has been fined US$2.4billion by Brussels for abusing its market dominance as a search engine, through promoting its own shopping service at the top of search results. Due to the USA tech giant's dominance in online search, the commission found that the way Google favoured sponsored results from it own Shopping service provided the firm with an unfair advantage over alternative price comparison and shopping websites.

The European Union competition watchdog has just fined google a record breaking €2.4 billion (£2.1 billion) for "illegally" promoting its Google Shopping results to feature more prominently above similar comparison results from rivals. She goes on to suggest that the most important thing is that Google 'denied European consumers a genuine choice of services and the full benefits of innovation, ' Margarethe Vestager concludes.

The result of Google's search practices, according to the EC's investigation, led Google's comparison shopping service receiving significant hikes in traffic i the UK, Germany, France and Spain and other major European Union nations, while traffic to rival services dropped significantly, essentially allowing Google to create a from of monopoly for itself.

The fine follows a seven-year investigation by the EC after it received dozens of complaints from competitors claiming that Google abused its position as the world leader in search market. If Google fails to comply with the Commission's order it could face daily fines of up to 12.5 million (EUR) a day which represents 5% of the average daily worldwide turnover of its parent company Alphabet.

This fine on Google is the largest antitrust judgement handed out by the executive body of the EU, the European Commission, and beats a 1 billion Euros penalty given to Intel in 2009. He added that the tech giant would review the case and consider whether or not to appeal.

Rick Perry Charms Energy Audience, Quiets Protestors
He acknowledged that in 2007, the Supreme Court clearly ordered the EPA to issue an endangerment finding on whether climate change endangers public health.


Bryce Harper Teasing Future With Cubs? Nationals Star Has Internet Buzzing
Manager Joe Maddon said he's not thinking, "What's next?" Stroman (8-4) allowed five singles and struck out seven. If Bryant has to make a trip to the DL, getting Zobrist back would certainly help them cope with the loss.


Senior Ukrainian intelligence officer killed in car bombing
Ukrainian Interior Ministry spokesman Artem Shevchenko told the BBC the crime scene suggests "it was a planned terrorist act". Past year high-profile independent journalist Pavel Sheremet was also killed in a vehicle bombing in central Kiev .


Senior Vice President Kent Walker argues that users favoured Google's results because they were quicker and easier to manage.

As it "respectfully" disagrees with the EU's conclusions, Google will be considering an appeal and will continue to make its case.

The EU has also charged Google of crushing its rivals using its Android mobile operating system and of blocking its rivals in online search advertising. It also said Google "has weakened or even marginalized competition from its closest rivals".

The action came after a seven-year long investigation prompted by scores of complaints from rivals such as USA consumer review website Yelp, TripAdvisor, UK price comparison site Foundem, News Corp and lobbying group FairSearch.

Share:

IN CASE YOU MISSED IT

  • Arsenal target Onyekuru confirms Everton move
  • Death toll from Pakistan attacks climbs to 73
  • Independence Day 2017: Where to see fireworks in and around New Orleans
  • YOU MAY ALSO LIKE...

    • To-Play Battle Royale Game H1Z1 Launches for PlayStation 4 in May 4/25/2018
    • May's Xbox One Free Games with Gold List Revealed 4/23/2018
    • Apple offers battery replacement for some 13-inch MacBook Pros 4/22/2018
    • GSMA puts new technology on hold in wake of USA probe 4/22/2018
    • Canelo gets six-month ban for failing drug tests 4/20/2018
    • BMW unleashes its M2 Competition with 302kW 4/19/2018
    • Dwyane Wade thanks Kevin Hart in Sixers gear for extra motivation 4/18/2018
    • Facebook is still tracking you, whether you have an account or not 4/17/2018
    • Google introduces 'Confidential Mode' in its new Gmail design 4/15/2018
    • Democrats say no threats to Pruitt, urge oversight hearing on EPA spending 4/12/2018

RELATED NEWS

Tinder Keeps Swiping Right On New Ways To Take Your Money
Tinder Gold includes 7 primarily exclusive features that should make it easier than ever for any given user to find a date nearby. The Unlimited Likes feature, as its name implies, removes restrictions on the number of likes a user can parcel out over a day.
6/29/2017

Westbrook caps year with MVP
Russell Westbrook of the Oklahoma City Thunder won this year's NBA Most Valuable Player award. If we knew now probably the way we need to play, people would be a little bit more patient.
6/29/2017

CNN Retracted Fake Russian Story Because It Faced $100M Lawsuit
Thomas Frank, Eric Lichtblau and Lex Haris resigned after the story on CNN's website had to be retracted on Friday. Trump then re-tweeted an altered logo of CNN that read "Fake News Network". "Those are the facts".
6/29/2017

Obama 'colluded' to get Clinton in the White House
The inauguration of President Trump did nothing to hinder the evolution of this program, the Post reports. And by sitting back for as long as he did, Obama gave the Russians more time to try to succeed.
6/29/2017

European Central Bank chief was overinterpreted by markets
TreasuryOne dealer Andre Botha said emerging markets lost ground in reaction to a surging euro following Draghi's comments. The dollar inched lower against the yen after hitting a more than one-month high of 112.46 on Tuesday.
6/29/2017

Cladding On 27 Tower Blocks Fails Safety Checks
He says D.C. and three states - Minnesota, Indiana and MA - have exempted cladding from NFPA 285 testing. Nearly 60 firemen were called to Waxham House, north London, on Sunday evening.
6/29/2017

Trump holds first talks with Ireland's new prime minister
The call will be Mr Varadkar's first official dialogue with the US President since his appointment to office on June 14th. Varadkar said that he will raise issues such as climate change, LGBT rights, and immigrant rights on a future US visit.
6/28/2017

Envoys Celebrate Third International Yoga Day in New Delhi
Yoga has become part of the education curriculum in several states across the country". Modi left the venue around 7.25 am.
6/28/2017

US to say China among worst on human trafficking
The department dropped Iraq and Myanmar from a list of countries that recruit and use child soldiers, a change from 2016. But the president tweeted this week that Xi and China's efforts to help with North Korea have " not worked out ".
6/28/2017

Ransomware attack hit servers across Europe
At press time, the attack has only been going on for a couple of hours, but has already caused significant damage. Merck is the first major US company to announce it has been affected by the widespread breach.
6/28/2017

Uber adds ability to book rides for others who lack smartphones
Uber's new family feature is officially available in 30 countries around the world, with more expected to be added soon. This feature is introduced in the latest version of the app, so be sure to update it if you haven't done so already.
6/28/2017

Spider-Man Pranks Unsuspecting Starbucks Customers In Hilarious Viral Video
Tom Holland reprises his role from that movie and early word is good (we'll find out in our review screening of the film later this week).
6/28/2017

Murray withdraws from exhibition match because of sore hip
It is not yet known whether the 30-year-old, who has three Grand Slam titles to his name, will be able to feature in his other scheduled match this Friday.
6/28/2017

Amazon to buy Whole Foods for $13.7 billion
Most retail analysts predict the shopping experience at Whole Foods will change enormously, spurring change at other grocers, too. When the news broke that Amazon had agreed to buy Whole Foods for $13.7 billion, the retail food sector went a little bananas.
6/27/2017

Firefighters in Utah have 'good day'
Share with Us - We'd love to hear eyewitness accounts, the history behind an article, and smart, constructive criticism. Sheriff Jim Perkins said, "It is heart wrenching i get it you know there are cabins up there that are generations old".
6/27/2017

    • Top picks

      • Japanese women ordered from sumo ring during first aid4/06/2018
      • Future iPhones to boast touch-less gesture controls and curved screens?4/05/2018
      • Spider-Man PS4 Gets September Release Date4/05/2018
      • 'Fornite' is now available for all users on iOS4/04/2018
    • Weekly News

      • How to download the data that Facebook has on you4/01/2018
      • N.Korea TV airs video of Kim's visit to China4/01/2018
      • Microsoft shifts focus from Windows to productivity products, cloud3/30/2018
      • How to use Facebook's new privacy settings3/30/2018
    • Latest News

      • Fortnite gets a pop-up fort with the new Port-a4/11/2018
      • Leak reveals the OnePlus 6 in all its glory4/10/2018
      • LG G7 ThinQ to debut on May 24/10/2018
      • Rudiger blames Antonio Conte for Chelsea draw against West Ham United4/10/2018
    • Home
    • About Team
    • Privacy Rights
    • Work with us

    Wednesday 25 April 2018

    © 2018 HdSmokeCig. ALL RIGHTS RESERVED.