The Court of Justice of the European Union has Google’s appeal against $2.42 billion fine rejected of euros imposed in 2017 for anti-competitive practices. The fine, one of the highest ever imposed by the EU, concerned abuse of a dominant position in the online shopping research industry.
The decision marks a significant defeat for the tech giantwhich had contested the fine for years. The case centered on allegations that Google favored its own price comparison services in search results, harming competitors. The practice was ruled illegal by European antitrust authorities.
Google has lost its battle against the EU and will have to pay a fine of 2.42 billion euros.
Confirmation of the sanction strengthens the position of the European Union in its fight against the monopolistic practices of big tech. For Google, this is a serious blow that could have repercussions on other cases still in progress.
The company is in fact facing further antitrust violations charges, with potential fines that exceed 8 billion euros overall.
This decision could push Google to change its business practices in Europewith potential ripple effects on the global digital market. Other tech giants could now find themselves under increased scrutiny from European regulators.
The sentence establishes an important precedent in the regulation of dominant online platforms. It could encourage further legal action against monopolistic practices in the technology sector, both in Europe and in other jurisdictions.
Source: www.tomshw.it
