Google is hit with a $1.7 billion fine, the third antitrust sanction from the European Union in two years, over its anti-competitive practices
Google was hit with a $1.7 billion fine on Wednesday, the third antitrust sanction from the European Union in two years after a record-breaking $4.96 billion penalty last year and a $2.74 billion sanction in 2017 over its anti-competitive practices.
As a result, advertisers and website owners "had less choice and likely faced higher prices that would be passed on to consumers," said the EU's competition commissioner, Margrethe Vestager.Here is a timeline of Google's antitrust cases in Europe: * June 27 2017 - EU fines Google $2.74 billion for thwarting rivals of shopping comparison websites.
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