EU extortionists demand €2.4 billion from Google

Source: The Verge

“Google has been hit with a record-breaking €2.42 billion ($2.7 billion) fine by the European Union for breaking antitrust law. The decision follows a seven-year investigation into the US company’s search algorithms, which ended with the judgement that Google had ‘abused its dominant position by systematically favoring’ its own shopping comparison service. Today’s fine is the largest antitrust judgement handed out by the executive body of the EU, the European Commission, and beats a €1 billion penalty given to Intel in 2009.” (06/27/17)