EU slaps anti- competition charges on Google

google-com, Fined $ 2.7 Billion in EU
Image source: www.scmp.com

Google Slapped With a Record Breaking Fine of $2.7 Billion by EU in the Antitrust Ruling

The $90 billion incurring Silicon Valley giant was smacked with a penalty amount of $2.7 billion after it failed to attain victory within the Antitrust Ruling case. Google has been penalised on the anti-competitive practice case, where it was accused of ‘favouring some of its search services linked to online shopping over those of rivals.’

The company has been granted 90 days by EU commission to answer over the judgement or face an extended penalty of 5% of the parent organisation Alphabet’s average daily world income. Until now the most severe fine charged by EU Commission was on Intel in 2009 of €1.06 billion. Margrethe Vestager, chief of European Union antitrust, says “Google has denied other company the chance to compete on the merits and to innovate and most importantly it has denied European consumers the benefits of competition.”

But the Google brawl with EU will not be ending here; there are two more cases on the company which is yet to be concluded including one where its Android Operating System has been blamed for blocking rival’s online search advertisements. Vestager has played a significant role in other cases such as demanding Apple to pay taxes to Ireland, investigating Amazon’s taxes in Europe and Facebook’s dominance over public’s digital data.

Yatra Archives

https://creativeyatra.com/wp-content/uploads/2019/08/A-Walk-with-Thambi-illustrated-by-Proiti-Roy-written-by-Lavanya-Karthik-Tulika-Books.jpg How Tulika Books is creating impact in children’s lives through picture books

A children’s book about a boy who feels like a girl. And about a child brought up by grandfathers. These are some of the stories published by Tulika Books, who have been making children’s picture books since 23 years. Little…

https://creativeyatra.com/wp-content/uploads/2021/01/romeo-juliet-1.jpg Of youthful passion and star-crossed lovers on Shakespeare’s birthday

While the Globe is streaming free its second dramatic production Romeo and Juliet, today is 23rd April, the day William Shakespeare (1564-1616) is believed to have been born and died. One would seldom find a more spontaneous and intense expression…

https://creativeyatra.com/wp-content/uploads/2019/10/article-on-renaissance-artists.jpg Leonardo, Michelangelo, Raphael and Donatello—Artists or Teenage Mutant Ninja Turtles characters?

Did you ever wonder where the Teenage Mutant Ninja Turtles’ characters got their names from? Well, your search is complete. Here is a brief introduction of the artists from whom the creators of TMNT took inspiration. Teenage mutant ninja turtles,…

https://creativeyatra.com/wp-content/uploads/2019/05/Dr-Yatin-Desai-Orthopaedic-surgeon.jpg The call of the mountains: orthopaedic Dr Yatin Desai’s advice on trekking

In this piece 64 year old Dr Yatin Desai, shares with CY his inspiring story of how to scale towering mountains with utmost ease and how this life adventure activity can shape human character and health. Chances are high that…