“EU antitrust regulators aim to slap a hefty fine on Alphabet unit Google over its shopping service before the summer break in August, two people familiar with the matter said, setting the stage for two other cases involving the US company,” Reuters reports.
“The European Commission’s decision will come after a seven-year investigation into the world’s most popular internet search engine was triggered by scores of complaints from both US and European rivals,” Reuters reports. “The EU competition authority accused Google in April 2015 of distorting internet search results to favour its shopping service, harming both rivals and consumers.”
“Fines for companies found guilty of breaching EU antitrust rules can reach 10 per cent of their global turnover, which in Google’s case could be about $9bn of its 2016 turnover,” Reuters reports. “The company has also been charged with using its Android mobile operating system to squeeze out rivals and with blocking competitors in online search advertising related to its “AdSense for Search” platform.”
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MacDailyNews Take: Do Know Evil.