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Google RIGGED search results and now faces a $7 billion fine from EU authorities
naturalnews.com
Google could be facing a hefty fine if the European Commission finds the search engine giant guilty of breaching antitrust rules. Following a seven-year investigation that was triggered by several complaints from Google’s U.S. and European rivals, the company could be slapped with a whopping $7 billion fine.
The antitrust investigation against Google began in 2010. This stemmed from accusations that the interest search giant abused its dominant position to skew search engine results to favor its own shopping services. After a five-year investigation, The EU watchdog competition filed a complaint against the company. Google has previously rejected the charges, saying that the regulators ignored competition from other online retailers like eBay Inc. and Amazon.
The punishment for antitrust breach can go up to 10 percent of the company’s annual turnover, which is the amount of revenue in a particular period. In Google’s case, that fine can reach up to $7 billion. If found guilty, the search engine giant will also be asked to stop manipulating the online search results in their favor and to cease other alleged anti-competitive practices to even out the playing field for everyone.
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