“The European Union has fined Google €2.42bn [US$2.73 billion] after a seven-year investigation into claims the technology giant abused its internet search monopoly,” James Titcomb reports for The Telegraph. “The penalty is the biggest ever competition fine from the European Commission, doubling the previous record handed to Intel in 2009.”

“The EU said Google had broken EU competition law by exploiting the power of its search engine to promote its online shopping service, at the expense of other price comparison sites,” Titcomb reports. “It said that when internet users searched Google for products such as clothes or electronics, the results would prominently and boldly feature Google’s own price comparison service and relegate rivals.”

“Google said the company would consider an appeal,” Titcomb reports. “Separately, the EU is still investigating Google abusing the dominance of its Android operating system and its AdSense advertising network.”

Read more in the full article here.

MacDailyNews Take: As we wrote last July:

Imagine if your livelihood depended on one company that had not only monopolized web search (and, thereby, basically controlled how new customers find you), but also controlled the bulk of online advertising dollars which funded your business and which they could pull, simply threaten to pull, or reduce rates at any time? Now also imagine if you believe this monopolist basically stole the product of another company that is the very subject of your business? How much would you criticize the monopolist thief’s business practices?

You might guess that it would be a tough road to walk. (We’re only imagining, of course!)

That would be a good example of why monopolies are bad for everyone.

The U.S. government has utterly failed to police Google. Because the people with the power to do so currently are corrupt. Follow the money. Hopefully, the European Union will help to correct the situation.

In the meantime, stop using Google search and Google products wherever possible. Monopolies are bad for everyone.

SEE ALSO:
Google could face a $9 billion EU fine for rigging search results in its favor – June 2, 2017
Google attempts to defend Android in European Commission antitrust case – November 10, 2016
EU alleges Google skews search results to boost its own products and services – July 14, 2016
EU charges Google rigs global market for Android mobile apps – April 20, 2016
The Android bubble bursts as Europeans flock to Apple’s iPhone – September 2, 2015
Android loss continues in Europe as 27% of smartphone users dump Android for Apple iPhone – September 2, 2015
Android fanboy actually uses an iPhone for 2 months, dumps Android phone – August 11, 2015
Apple iPhone sees highest switching rate from Android ever recorded – August 10, 2015
Nomura ups Apple to ‘Buy’ on strong iPhone growth, increasing Android switchers – July 31, 2015
Significant Android to iPhone switching weakens market for Samsung Galaxy S6 – March 24, 2015
Analyst: Android switchers fueling iPhone growth; Android users even more interested in Apple Watch than iOS users – March 23, 2015
Over 85% of new iPhone sales are switchers, mostly from Android – January 30, 2015
Google’s Android: The Fisher Price of smartphones, training wheels for Apple’s iPhone – May 2, 2014

[Thanks to MacDailyNews Readers “Fred Mertz,” “Lynn Weiler,” “Elboe,” and “Jeffrey Bilings” for the heads up.]