Google faces record antitrust fine of around $ 3.4 billion: Report

Google faces a fine of $3.4 billion for promoting its shopping service in Internet.

  • Updated: May 16, 2016 6:35 PM IST

Internet giant Google faces a record antitrust fine of around three billion euros($3.4 billion) for promoting its shopping service in Internet searches at the expense of rival services. According to British newspaper The Sunday Telegraph, Google will also be banned from continuing to manipulate search results to favor itself and harm rivals.

The Commission can fine firms up to 10 percent of their annual sales, which in Google’s case would be a maximum possible sanction of more than six billion euros, report Reuters. The biggest antitrust fine till date was a 1.1 billion-euro fine imposed on chip-maker Intel in 2009.

Recently Google has been imposed a fine of $25,000 by the Federal Communications Commission (FCC) as the Internet giant collected personal information without seeking any official permission from the authority via its Street View Project. According to FCC, Google deliberately didn’t cooperate with the authority and refused to reveal the names of its engineers associated with this Project. The FCC believes that Google also collected passwords, Internet usage history and other sensitive personal data which was not required for the project followed by which the authority issued an investigation against the giant.

  • Published Date: May 16, 2016 6:30 PM IST
  • Updated Date: May 16, 2016 6:35 PM IST