Google Hit With $2.7B Fine in EU's 'Worst-Kept Secret'

Don't mess with Margrethe Vestager, even if you're Google. 

The tech giant found that out Tuesday when, in what Bloomberg calls "the worst-kept secret in Brussels," Europe's competition chief hit it with a $2.7 billion antitrust fine—the largest ever in this kind of case, per the New York Times. 

Google was fined for giving its own comparison shopping service preference over its competitors in its search results, with Vestager noting in a European Commission statement that Google "abused its market dominance as a search engine," keeping other firms from competing and consumers overseas from benefiting from that competition. The ruling notes if the company doesn't make changes within 90 days, it risks more penalties "of up to 5% of the average daily worldwide turnover of Alphabet, Google's parent company," which the BBC estimates could amount to $14 million a day.

Read the full story on Newser.com

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