Top EU Court Upholds $2.7B Antitrust Fine on Google
Top EU Court Upholds $2.7B GoogleAntitrust Fine Foron Market Dominance AbuseGoogle
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 European Court of Justice (ECJ) on Wednesday upheld a 2017 European Commission decision to fine Google of €2.42B ($2.7B) 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.”In its ruling, which can't be appealed, the ECJ said Google's favoring its 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 Googlethe tech giant's unfair practices. TheThis 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 theirits smaller rivals.
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