The world’s most famous internet search engine, Google has been slammed a record $2.7 billion fine by Europe’s anti-trust agency over foul play in in dominating searches and smartphones.

The fine signalled a tough stance by the agency in the first of three investigations into the company’s dominance in searches and smartphones. It is the biggest fine the EU has ever imposed on a single company in an anti-trust case, exceeding a 1.06-billion-euro sanction handed down to U.S. chipmaker Intel in 2009, Reuters reported.

The European Commission said the world’s leading technology company has 90 days to stop favouring its own shopping service or face a further penalty per day of up to 5 percent of Alphabet’s average daily global turnover.

The fine, equivalent to 3 percent of Alphabet’s turnover, is the biggest regulatory setback for Google, which settled with U.S. enforcers in 2013 without a penalty after agreeing to change some of its search practices.bThe EU competition enforcer has also charged Google with using its Android mobile operating system to crush rivals, a case that could potentially be the most damaging for the company, with the system used in most smartphones.

The company has also been accused of blocking rivals in online search advertising.

The Commission found that Google, with a market share in searches of over 90 percent in most European countries, had systematically given prominent placement in searches to its own comparison shopping service and demoted those of rivals in search results.

“What Google has done is illegal under EU antitrust rules. It denied other companies the chance to compete on the merits and to innovate. And most importantly, it denied European consumers a genuine choice of services and the full benefits of innovation,” European Competition Commissioner Margrethe Vestager said in a statement.

Google said its data showed people preferred links taking them directly to products they want and not to websites where they have to repeat their search.

“We respectfully disagree with the conclusions announced today. We will review the Commission’s decision in detail as we consider an appeal, and we look forward to continuing to make our case,” Kent Walker, Google’s general counsel, said in a statement.

more info @ http://www.exlinklodge.com/2017/06/google-fined-27b-for-deliberately.html

cc lalasticlala

Greedy european cucks. While the US climate, Sergey and Page were busy fostering innovation you dumb asses were busy formulating dumb political theories that had zero bearings on reality. Now you are looking for whom to rip off for your incompetency. What a bunch of leeches?

But, Google, I hope you are learning that your political correctness is a poo when it comes to the Socialist Cum Islamic Caliphate of Europe?

Nof said.

That's a whole lot of money. Not sure Google will pay that.


Check my signature for your quality customised Atm card flash drive.

Google must pay

Oooops

Time to create Africa's own search engine...



www.amadioha.com

OK na for those who don't really know what Google was fine for... this is it ( press the middle soft button of your android phone... probably android 6and above

Old news

If google actually do such.They are not being fair. l'm itching to see how this plays out.

Those are the building blocks of capitalism...

Mehn!
That's a fine!
Those anti trusts guys are thieves joor!

Here

.

What kind of domination is this by Google.

EU make money again.
Let's pour some wine to that.

these anti-trust guys mean business.... at the same time this is what you get when you allow an individual organisation to take monopoly of a sector... they do as they see fit...



In Other news, For your 3D printing needs and services, visit www.brainwire-ng.com

its not too much

that's good. Say NO to anti-competitive measures. EU keep ripping them off. Though Google will surely appeal

They already have 90% of the search space, why stifle the other 10%? Monopoly is never good for business.

That was a political move by European commission, they're on a revenge mission for volkswagen and British bank fine by the US.

So they expect Google to use their platform to promote their rivals? It isn't a day's job that Google made themselves the search engine of choice worldwide. They worked their asses off technically and otherwise to achieve that confidence amongst people. All of that won't be sacrificed in promoting bing and the likes. Isn't it about business anymore?

see beefing shey na crime to to succeed?

Europe is one region American tech giants dread alot. The tech policies, especially on users security and privacy, is out of this world.

They couldn't just cook up a story to nail Google. Google must have violated a section of the policy and hence, got to pay.

For those condemning the fine, look at this:

You pay a site, say site A, to ad your product. You google a movie to download. Instead of Google to redirect you to the site where the ad is, it goes straight to the file, or bypass the ad page. The person that paid to ad thier products on site A wouldn't do that next time, instead would go straight to google to add their products.

Too bad for site A, right?





On the other news, why is nairaland home page always a problem to load these days? Been experiencing this for the past 3 weeks.

$2.4 billion not 2.7

Google don enter am.

imagine ehn greed

How many years of the sum total of Nigeria's budget? Even as a major oil producing nation.

na dem sabi

huge.

More are still coming.... EU IS ALSO planning to slap €5billion on Google for Android monopoly and and anti competition


I think it's a retaliatory move on America for fining billions of of dollars on Volkswagen

It will be a sad year for Google as America and Russian govts are also investigating google