TechGoogle faces a fine of 2.4 billion euros :lost...

Google faces a fine of 2.4 billion euros :lost a landmark case in europe.

The American giant Google lost in a European court a landmark case against the European Union, and now he is facing not only a huge fine, but also a tsunami of new claims. The BBC writes about it.

The European Court of General Jurisdiction, the second in the hierarchy of EU courts, rejected Google’s arguments and upheld the € 2.4 billion fine that the European Commission’s antitrust authority – effectively the EU government – ordered it in 2017 for suppressing competition.

The EU didn’t like Google promoting its own shopping aggregator in search results.

The court found that the EU authorities were right, and Google’s business model is contrary to European antitrust laws.

The Americans tried to convince the court of the opposite: that the EU simply misunderstands the realities of the new Internet economy, distorts the facts and misinterprets its own laws.

But the court sided with the EU. And despite the future appeal of Google, he ordered already now to correct the algorithms for which he was fined.

Google said in response that everything has been fixed a long time ago. However, defeat threatens him with new checks – not only in how he gives out his shopping service in search results, but also other preferences to his own aggregators to the detriment of competitors – from hotel and flight booking services to job advertisements.

In addition, Europe is tightening not only oversight, but also rules. Next year, the EU is going to pass a whole package of laws to regulate Internet business.

Their goal is to put barriers on the way of American high-tech giants to the personal data of Europeans and to dominate the market by ousting competitors from their platforms: from search, operating systems, cards, instant messengers, app stores.

Latest news

Blockchain IDOs and Presales You Should Know About

There’s never a lack of new projects opportunities when it comes to blockchain and decentralized finance (DeFi). But it...

The 10 rules to prepare for the crypto bear market by the savvy investor

While the Bitcoin and cryptocurrency market reached a record capitalization in November 2021 (nearly $ 3 trillion), the memories left by...

Latin America’s E-commerce Giant Opens Up To Buying Bitcoin

Bitcoin (BTC) and cryptocurrencies are increasingly accepted every day for payments for goods and services . This time, it's the South American...

Binance Welcomes Arbitrum – Ethereum’s Second Layer!

For many months, the Ethereum (ETH) network has faced massive congestion resulting in higher transaction fees . Fortunately, second-layer solutions continue to...

The Bitcoin forever changed by this evolution

As of June 12, 2021, the Bitcoin Network (BTC) has been patiently awaiting the entry into force of its Taproot...

Regulation and taxation on cryptocurrency mining in Russia

The Duma wants to regulate Bitcoin and cryptocurrency mining in the country. The laws would notably make it possible to...

Must read

Blockchain IDOs and Presales You Should Know About

There’s never a lack of new projects opportunities when...

The 10 rules to prepare for the crypto bear market by the savvy investor

While the Bitcoin and cryptocurrency market reached a record capitalization in...

Latin America’s E-commerce Giant Opens Up To Buying Bitcoin

Bitcoin (BTC) and cryptocurrencies are increasingly accepted every day for...

Binance Welcomes Arbitrum – Ethereum’s Second Layer!

For many months, the Ethereum (ETH) network has faced...

The Bitcoin forever changed by this evolution

As of June 12, 2021, the Bitcoin Network (BTC)...

You might also like
Recommended to you