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Google fined record 2.4 bn euros by EU

The EU slapped Google with a record 2.4-billion-euro anti-trust fine today, in a fresh assault on a US tech giant that risks the wrath of President Donald Trump.

Hard-charging European Commission competition chief Margrethe Vestager said Google had “abused its market dominance” as the world’s most popular search engine to give illegal advantage to its own shopping service.

“What Google has done is illegal under EU antitrust rules. It denied other companies the chance to compete on the merits and to innovate,” Vestager said in a statement.

“And most importantly, it denied European consumers a genuine choice of services and the full benefits of innovation.”

The fine broke the previous EU record for a monopoly case against US chipmaker Intel of 1.06 billion euros.

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