EU's Google Antitrust Fine Raises Tensions With US Cos.
By Eric Kroh (June 27, 2017, 5:11 PM EDT) -- The European Union's antitrust watchdog on Tuesday slapped Google Inc. with a record €2.4 billion ($2.72 billion) fine over practices related to its shopping service, launching an opening salvo in what is sure to be a drawn-out conflict that will exacerbate perceptions U.S. companies are being unfairly targeted by overseas enforcers.
The European Commission has alleged the tech giant illegally tweaked its search algorithm to give prominent placement to its Google Shopping service, demoting listings for rival comparison-shopping sites. Though the fine is the most imposed on a single entity over allegations of dominance abuse, more consequential will be the requirement...
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