Top EU Court Upholds $2.7B Google Fine For Market Dominance Abuse
The Facts
The European Court of Justice (ECJ) Wednesday ruled in favor of the European Commission for its 2017 fine of €2.42B ($2.7B) on Google for abusive market dominance.
The ruling on the antitrust fine, which cannot be appealed, said Google's favoring of its own shopping search results over rivals' “was discriminatory.”
The Spin
Tech giant Google needed to be penalized for abusing its market dominance. The European Commission fine was a necessary measure to address Google's unfair practices. The top European court's ruling will reinforce the importance of holding Google, and other such tech behemoths, accountable and protecting the consumer as well as their smaller rivals.
The €2.4B fine on Google, overlooking the dynamic nature of the tech industry, is clearly unjustified. Google did not engage in illegal practices, making the and contends that the EU's decision overlooks the dynamic nature of the tech industry. The company provided consumers with useful services and innovation, rather than stifling competition.
