Google Has been Fined $ 2.7 Billion by EU
Tech Giant Google has been facing bigger penalties for
creating exclusive market of their products in internet search. The European
Union (EU) has fined US $ 2.7 billion by accusing them of taking excessive advantage
of online shopping service.
According to the EU's complaint, Google is looking forward
to putting their products in the online shopping service search engine. Other
rival in the market are being affected, consumers are being cheated. The EU's
Market Competition Act has been violated in this activity by Google.
EU spokesman Margreth Vestaj said, Google has abused its
power by promoting its products in the results of the search engines and
keeping competitors behind products. The company has been given 90 days to stop
this arbitrariness. Even after breaking the law, the penalty will increase
further.
In 2010, the Investigation Team of the EU got down on the
field in search of Google's activities. US based companies are trying to unite
in Europe, the investigations started on the basis of such allegations by
politicians.
The EU has filed a final charge against Google in 2015 and
2016. However, the Company has repeatedly denied the allegation.
A Google spokesperson said: "When you shop in online, you
will want to find your favorite product easily and quickly. Google products are
promoted through these products. That's why Google advertises the products for
adding all advertisers with users. '
The spokesperson also said, "We do not agree with the
decision against Google. We will appeal against this decision. "
Meanwhile, the EU has fined the first such amount of money
to any organization. The EU fined another technology company Intel in 2009.
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