InstaForex InstaForex

Prime News

Google Appeals Against 2.4 Billion Euro Anti-Trust Fine

Google Appeals Against 2.4 Billion Euro Anti-Trust Fine

Google has filed an appeal against the 2.4 billion euro antitrust fine imposed by the European Commission in June.

The European Commission judged that Google's move to position its own shopping comparison service at the top of the Google website's result was an abuse of power. The imposed penalty for the antitrust case was the biggest one ever issued by a regulator.

During the time the fine was implemented, according to EU's Competition Commissioner Margrethe Vestager said that Google's activity was illegal and violated EU's antitrust rules.

Google was also allowed 90 days to stop its “anti competitive strategies” or risk being hit by further fines amounting to 5 percent of the total daily global earnings of Alphabet, its parent company.

Recommend: Prime News
Netflix Shares Pop on Solid Subscriber Growth
23 Jan 2018, 01:19 UTC+00   
Views today: 1351 
UK to be One of Only 3 Major Markets Where House Prices Unlikely...
23 Jan 2018, 02:33 UTC+00   
Views today: 1341 
U.S. Yields Settle Higher as Senators Reach Deal to End...
23 Jan 2018, 00:43 UTC+00   
Views today: 1338 
European Markets Mostly Higher on Dealmaking
23 Jan 2018, 01:39 UTC+00   
Views today: 1333 
Wall Street Gains as Dow Jumps 142 Points
23 Jan 2018, 01:54 UTC+00   
Views today: 1333 

All Prime news

Start trading with
no risks and investments
With new Start-Up Bonus of $1000
Get bonus
from InstaForex
on every deposit
Earn up to
for inviting friends to get StartUp Bonus from InstaForex
No investments required!