Google loses appeal in $2billion European Union antitrust case
In a major ruling that bolsters the EU’s efforts to clamp down on the world’s largest technology companies, Google lost an appeal on Wednesday to overturn a landmark anti-trust ruling by European regulators against the Internet giant.
The decision by the Luxembourg-based General Court related to a 2017 decision by the European Commission, the bloc’s executive branch, to fine Google $2.8 billion for giving preferential treatment to its own price-comparison shopping service over rival services.
The penalty was the first of three issued by Margrethe Vestager, the European Commission’s top antitrust enforcer, against Google.