Caayn
Member
You read the title correctly, that's three billion euro (roughly $3.4 billion give or take)
Source: Telegraph
Give me a three euro fine (I'm not that rich) if old.
It is understood that the European Commission is aiming to hit Google with a fine in the region of €3bn, a figure that would easily surpass its toughest anti-trust punishment to date, a €1.1bn fine levied on the microchip giant Intel.
Sources close to the situation said officials aimed to make an announcement before the summer break and could make their move as early as next month, although cautioned that Google’s bill for crushing competition online had not been finalised.
The maximum possible is around €6.6bn, or a tenth of Google’s total annual sales.
Legal sources said the fine it faces over shopping comparison is likely to take account of the fact that Google abused its monopoly on general web search over many years. The European Commission may also seek to make an example of the company over changes to its algorithms during the investigation that made it even harder for competitors to thrive, as well as what some officials now see as its delaying tactics during the investigation.
As well as facing a heavy fine, Google will be banned from continuing to manipulate search results to favour itself and harm rivals. The company has fiercely resisted such interference in its algorithms, the heart of its business, and sought to placate regulators with offers to redesign the presentation of results, a gambit that ultimately failed.
Source: Telegraph
Give me a three euro fine (I'm not that rich) if old.