Google failed to fight off antitrust fine of €2.42 billion in the EU

Google has lost its long-running legal battle with the European Union (EU), failing to challenge a €2.42 billion fine it imposed for violating antitrust laws. The ruling by the Court of Justice of the European Union (CJEU) upheld sanctions first imposed by the European Commission in 2017 and could have far-reaching consequences for Google’s business model in internet search and online advertising.

Image source: AJEL/Pixabay

In 2017, the European Commission fined the world’s most popular internet search engine for using its own price comparison service to gain an unfair advantage over smaller European competitors. The process of appealing the fine went through several stages. In 2021, a lower court upheld the European Commission’s decision, prompting Google to appeal to the CJEU, the EU’s highest court.

However, this attempt was unsuccessful. The CJEU judges highlighted an important aspect of European law in their verdict, stating: “In particular, conduct by entities in a dominant position that is inherently hampering competition and thus likely to harm individual businesses and consumers is prohibited.”

The €2.42 billion fine is just part of a larger picture of Google’s antitrust proceedings in the EU. Over the past decade, the total amount of fines imposed on the company by European competition authorities has reached a whopping €8.25 billion. In addition to this case, Google also challenged two more decisions: one related to the Android mobile operating system, the other related to the AdSense advertising service. However, these cases are still pending and their final outcome is unknown.

Moreover, last year regulators suspected the tech giant of providing preferences to its own advertising services, which could lead to the sale of part of Google’s highly profitable advertising business. These proceedings are at an early stage, but could potentially have even more serious consequences for Google’s business model than previous cases.

admin

Share
Published by
admin

Recent Posts

GeForce RTX 5000 video cards will be in short supply and this will not last long, Nvidia partners warned

Nvidia's GeForce RTX 5000 family of graphics cards, introduced at the beginning of the month,…

21 minutes ago

The Curiosity rover discovered where waves splashed on the Red Planet

NASA's Curiosity rover was sent to the Red Planet 14 years ago to study the…

2 hours ago

Google will invest another $1 billion in OpenAI’s competitor, AI startup Anthropic

The recent alliance between OpenAI, Arm (SoftBank), Microsoft and Oracle to launch Project Stargate appears…

3 hours ago

Trump pardons the founder of the darknet platform Silk Road, who was sentenced to life in prison

US President Donald Trump pardoned Ross Ulbricht, who is the founder of the darknet platform…

3 hours ago