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EU fines Google $2.7bn for breaching competition rules

The European Union has imposed a record €2.42bn ($2.72bn) fine on technology giant Google, for abusing its dominance as a search engine by giving illegal advantage to its own shopping service.

“What Google has done is illegal under EU antitrust rules. It denied other companies the chance to compete on the merits and to innovate,” Margrethe Vestager, the European commissioner for competition, said in a statement.

“And most importantly, it denied European consumers a genuine choice of services and the full benefits of innovation.”

Brussels has given the US tech giant 90 days to change its business model for Google Shopping, or face further penalty payments.

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