EU Fines Google $1.49 Billion Euros for Antitrust Violations
On March 20, the European Commission announced it was fining technology giant Google 1.49 billion, or about $1.67 billion U.S., for breaching the European Union’s antitrust rules for abusive practices in online advertising, Specifically, the European Commission said Google (NASDAQ: GOOGL) had abused its power by imposing restrictions on third-party websites like newspapers, blogs, travel services and other websites, effectively blocking ads from Google’s rivals from coming up in search results.
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