Google Fined $1 Billion Under EU Digital Markets Act for Preferential Treatment
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- CNBCTechnology
The European Commission has imposed a fine of 890 million euros ($1 billion) on Google, marking the company's first penalty under the EU's Digital Markets Act (DMA). The Commission found that Google favored its own services, such as shopping and hotels, in search results, disadvantaging third-party offerings.
This ruling is significant as it underscores the EU's commitment to regulating Big Tech and ensuring fair competition in the digital marketplace. The DMA aims to prevent anti-competitive practices and promote a level playing field for all service providers, which is crucial for consumer choice and innovation.
Looking ahead, Google has 60 days to comply with the Commission's directives or face additional fines of up to 5% of its global revenue. The company is currently reviewing the decision and considering an appeal, while also testing changes to its search presentation to align with the DMA requirements. No further timeline was disclosed at the time of publication.
Original report
Google slapped with $1 billion fine under landmark EU digital law
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