The article discusses Google’s loss in an appeal against a $4.3 billion antitrust fine imposed by the European Union (EU) in 2018. The fine was levied due to Google’s alleged anti-competitive practices in favoring its own shopping service over rivals in search results. The EU’s General Court largely upheld the European Commission’s decision, stating that Google had abused its market dominance by giving preferential treatment to its own shopping service. The court agreed that Google’s conduct was illegal and rejected most of the company’s arguments, including claims that the Commission had failed to assess the actual effects of Google’s practices. However, the court slightly reduced the fine to $4.1 billion due to a disagreement over the calculation of one factor. The ruling is a significant victory for the EU’s antitrust regulators and could have implications for other investigations into tech giants’ business practices.
Source: https://time.com/7019493/google-billions-fine-loses-appeal-eu-antitrust-shopping-search-results/