European Union regulators on Friday hit Google with a 2.95 billion euro ($3.5 billion) fine for breaching the bloc’s competition rules by favoring its own digital advertising services.
Breakdown
- EU fines Google nearly $3.5 billion for anti-competitive practices in online advertising.
- Google given 60 days to comply with EU regulations or face further penalties. 14s
- Regulators say Google abused its dominance to favor its own ads and content. 34s
- Google also fined in the US and France for privacy breaches in the same week. 44s
- Google plans to appeal; European Publishers Council says more action is needed. 57s