Google Asks EU’s Top Court to Overturn Record Antitrust Fine

Bloomberg2022-01-21

(Bloomberg) -- Google asked the European Union’s top court to strike down a 2.4 billion-euro ($2.7 billion) antitrust fine that bolstered regulators’ crackdown on big tech.The U.S. tech giant said it ...

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Judges supported the EU’s view that Google shouldn’t favor its own shopping service over rivals, an issue that’s triggered complaints against other tech firms.The commission’s 2.4 billion euro penalty for Google, the biggest at the time, was the first in a trio of decisions that form the centerpiece of EU Competition Commissioner Margrethe Vestager’s bid to rein in the growing dominance of internet companies. She’s fined the Alphabet Inc. unit about $9.5 billion in total and is still probing the company’s suspected stranglehold over digital advertising.Along with the fine, Google was ordered in 2017 to make changes to the way it displays shopping search results that might help rivals grab some of the valuable ad space on search pages. Smaller search services have complained the EU never pushed Google to go far enough to help them to attract sufficient visitors. 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