EU's $1.7 billion antitrust fine not likely to hurt Google's business. It involves practices the company says it already ended, and it's just a fraction of the $31 billion profit its parent, Alphabet, made last year.
European Competition Commissioner Margrethe Vestager speaks during a media conference at EU headquarters in Brussels, Wednesday, March 20, 2019. European Union regulators have hit Google with a 1.49 billion euro fine for abusing its dominant role in online advertising.
The ruling brings to nearly $10 billion the fines imposed against Google by the European Union. And it comes at a time when big tech companies around the world are facing increasing regulatory pressure and fierce political attacks over privacy violations, online misinformation, hate speech and other abuses.
Investigators found that Google inserted exclusivity clauses in its contracts that barred these websites from running similarly placed ads sold by Google’s rivals.
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