“Google suffered a major blow on Tuesday after European antitrust officials fined the search giant a record $2.7 billion for unfairly favoring some of its own services over those of rivals.
The penalty, of 2.4 billion euros, highlights the aggressive stance that European officials have taken in regulating many of the world’s largest technology companies, going significantly further than their American counterparts.
By levying the fine against Google — more than double the previous largest penalty in this type of antitrust case — Margrethe Vestager, the European Union’s antitrust chief, also laid claim to being the Western world’s most active regulator of digital services, an industry still dominated by Silicon Valley.”
Good article, thank you. We need and deserve more information. Is it true, as I heard today on NPR, that some of Google’s competitors find that their offerings in a “want to buy x” search, appear on page 4, while the google owned retailer is at the top of page 1. Does Google own retailers, and ecommerce sites? Which ones.
Should it be illegal for Google to charge for top placement? This is how they get their money, instead of making us pay a fee each month to use their search engine capability. If I were one of regulators, I would think about requiring Google to identify the companies that it owns. It already identifies paid ads, which one can hardly quibble with.