Google faces $1bn+ EU fine
- Author:Ella Cai
- Release on:2017-06-19
Google is in line to beat Intel for incurring the largest-ever EU fine for abuse of a dominant position.
The EU’s beef is that Google searches favour Google’s own price comparison web-site over rival sites.
The EU fined Intel $1 billion for a series of dirty tricks to prevent AMD’s PC CPUs, which were at that time superior to Intel’s CPUs, from gaining share in the market.
Google is not only facing a $1 billion fine, it is also facing demands to change its price comparison business model.
If Google doesn’t agree to change the model by a certain date, Google could be hit by fines of up to 5% of average daily turnover for every day it fails to come up with an acceptable model.
The maximum fine which the EU can impose is 10% of revenues which, in Google’s case, were $90 billion last year.
Google can appeal any decisions to the European courts but these act as judge and jury in their own cause.
The EU’s beef is that Google searches favour Google’s own price comparison web-site over rival sites.
The EU fined Intel $1 billion for a series of dirty tricks to prevent AMD’s PC CPUs, which were at that time superior to Intel’s CPUs, from gaining share in the market.
Google is not only facing a $1 billion fine, it is also facing demands to change its price comparison business model.
If Google doesn’t agree to change the model by a certain date, Google could be hit by fines of up to 5% of average daily turnover for every day it fails to come up with an acceptable model.
The maximum fine which the EU can impose is 10% of revenues which, in Google’s case, were $90 billion last year.
Google can appeal any decisions to the European courts but these act as judge and jury in their own cause.
