{"id":33215,"date":"2017-06-27T10:11:22","date_gmt":"2017-06-27T10:11:22","guid":{"rendered":"http:\/\/www.biphoo.com\/bipnews\/?p=33215"},"modified":"2017-06-27T10:11:22","modified_gmt":"2017-06-27T10:11:22","slug":"eu-antitrust-regulators-hit-google-record-2-42-billion-euro-fine","status":"publish","type":"post","link":"https:\/\/www.biphoo.com\/bipnews\/technology\/eu-antitrust-regulators-hit-google-record-2-42-billion-euro-fine.html","title":{"rendered":"EU antitrust regulators hit Google with record 2.42 billion euro fine"},"content":{"rendered":"<h2 style=\"text-align: justify\"><span style=\"font-size: 18pt\"><strong><span style=\"color: #000000;font-family: Arial, Helvetica, sans-serif\">EU antitrust regulators hit Google with record 2.42 billion euro fine<\/span><\/strong><\/span><\/h2>\n<p style=\"text-align: justify\"><span style=\"font-size: 14pt;color: #000000;font-family: Arial, Helvetica, sans-serif\">EU antitrust regulators slapped a record 2.42-billion-euro ($2.7 billion) fine on Alphabet unit Google on Tuesday by illegally favoring its shopping service.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-size: 14pt;color: #000000;font-family: Arial, Helvetica, sans-serif\">The European Commission said the world&#8217;s most popular internet search engine has 90 days to end its anti-competitive practice or face penalty payments up to 5 percent of Alphabet&#8217;s average daily worldwide turnover.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-size: 14pt;color: #000000;font-family: Arial, Helvetica, sans-serif\">The action came after a seven-year long investigation prompted by scores of complaints from rivals such as U.S. consumer review website Yelp, TripAdvisor, UK price comparison site Foundem, News Corp and lobbying group FairSearch.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-size: 14pt;color: #000000;font-family: Arial, Helvetica, sans-serif\">This is the biggest fine for a single company in an EU antitrust case, exceeding a 1.06-billion-euro sanction handed down to U.S. chipmaker Intel in 2009.<\/span><\/p>\n<p><span style=\"font-size: 8pt;font-family: Arial, Helvetica, sans-serif\">Source:-\u00a0http:\/\/www.reuters.com\/article\/us-eu-google-antitrust-idUSKBN19I108<\/span><\/p>\n<div class=\"fb-background-color\">\n\t\t\t  <div \n\t\t\t  \tclass = \"fb-comments\" \n\t\t\t  \tdata-href = \"https:\/\/www.biphoo.com\/bipnews\/technology\/eu-antitrust-regulators-hit-google-record-2-42-billion-euro-fine.html\"\n\t\t\t  \tdata-numposts = \"10\"\n\t\t\t  \tdata-lazy = \"true\"\n\t\t\t\tdata-colorscheme = \"light\"\n\t\t\t\tdata-order-by = \"social\"\n\t\t\t\tdata-mobile=true>\n\t\t\t  <\/div><\/div>\n\t\t  <style>\n\t\t    .fb-background-color {\n\t\t\t\tbackground: #ffffff !important;\n\t\t\t}\n\t\t\t.fb_iframe_widget_fluid_desktop iframe {\n\t\t\t    width: 630px !important;\n\t\t\t}\n\t\t  <\/style>\n\t\t  ","protected":false},"excerpt":{"rendered":"<p>EU antitrust regulators hit Google with record 2.42 billion euro fine EU antitrust regulators slapped a record 2.42-billion-euro ($2.7 billion) fine on Alphabet unit Google on Tuesday by illegally favoring its shopping service. The European Commission said the world&#8217;s most popular internet search engine has 90 days to end its [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":33216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[20476,20475,7840,3299],"class_list":["post-33215","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-competitive-behaviour","tag-eu-antitrust-regulators-hit-google-with-record-2-42-billion-euro-fine","tag-united-kingdom","tag-united-states"],"_links":{"self":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts\/33215","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/comments?post=33215"}],"version-history":[{"count":0,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts\/33215\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/media\/33216"}],"wp:attachment":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/media?parent=33215"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/categories?post=33215"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/tags?post=33215"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}