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Business and Finance
Reuters
EU fined "Google"
The European Commission announced Wednesday the conviction of Google to a fine of 1.49 billion euros for violation of the European rules of competition in advertising.
EU Competition Commissioner Margaret Fistager said Google "prevents competitors from competing and innovating fairly in the online advertising market".
JUST IN: Google faces a $ 1.7 billion fine from the EU, after what Margrethe Vestager, head of the bloc's antitrust department, called "serious professional misconduct" a duration of more than 10 years pic.twitter.com/yFJX9e3Fjw
– Bloomberg (@business) March 20, 2019
"The company has strengthened its dominant position in online search advertising and is protected from competition by imposing unfair contractual restrictions on third party sites, which is illegal under the antitrust rules of the United Kingdom. EU. "
This is not the first time the European Union has fined Internet giant "Google" $ 5 billion to compel Android-powered smartphones manufacturers to use their research-related applications and browsing the Internet.
Source: Bloomberg
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