Newswire: The EU nails Google with a $2.7 billion fine

The European Union took a bite out of Google today, issuing a 2.4 billion euro (or $2.7 billion) fine against the tech company for what it says are violations of its antitrust laws. Union officials say that Google’s searches drive consumers toward the company’s own comparison shopping service over other options, and thus deny “European consumers a genuine choice of services and the full benefits of innovation.” The EU has ordered the company to change the way its engine handles shopping requests within the next 90 days, or increasing fines will be levied. Although the $2.7 billion ding is only about a quarter of the company’s annual net profits, it’s still quite a bit higher than the one most tech observers were expecting to see handed down on this case, suggesting that EU officials are going hard after the American company.

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