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Reading: EU judicial rulings Google’s fine is €2.4 billion.
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Baner Club > Blog > Business > EU judicial rulings Google’s fine is €2.4 billion.
BusinessTechnology

EU judicial rulings Google’s fine is €2.4 billion.

Europe's highest court has ruled that Google must pay €2.4 billion (£2 billion) in fines for abusing its dominant market position as a shopping comparison service.

Last updated: 2024/09/10 at 11:25 AM
Published September 10, 2024
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When the European Commission first imposed the penalties in 2017, the tech giant filed an appeal.
It was the biggest amount the Commission had ever levied at the time, but a €4.3 billion fine against Google has since eclipsed it.
Google expressed that it was “disappointed” by the decision.
It concludes a protracted legal battle that was started in 2009, when the UK was still a member of the EU, by the British company Foundem.
The online retailer Kelkoo, which was among the other complainants, described the decision as “a win for fair competition and consumer choice” in a post.

The European Court of Justice (ECJ), which rendered the decision today, stated that the Commission was correct to label Google’s actions as “discriminatory” and that its appeal “must be dismissed in its entirety.”.
It mandated that Google and its parent company, Alphabet, pay the expenses incurred by the European Commission in addition to their own.
In a statement, Google stated that it made changes in 2017 to comply with the European Commission’s decision.

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admin September 10, 2024 September 10, 2024
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