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Recent Editions
Risk Channel
North America
European Union regulators have hit Google with a €890m ($1bn) fine for violating the bloc’s Digital Markets Act. The European Commission said that the Alphabet-owned platform had unfairly favored its own search services and prevented app developers from steering consumers to offers outside its Play Store. The company was fined €460m for the alleged search abuses and €430m for the Play Store breaches. “Google has fallen short of effective compliance with the Digital Markets Act, and today we have taken decisive yet balanced enforcement action sanctioning these breaches,” EU competition chief Teresa Ribera said. “The best products should succeed because they’re better, not because they’re owned by the company running the search engine.”
Full Issue
Risk Channel
UK/Europe
European Union regulators have hit Google with a €890m ($1bn) fine for violating the bloc’s Digital Markets Act. The European Commission said that the Alphabet-owned platform had unfairly favoured its own search services and prevented app developers from steering consumers to offers outside its Play Store. The company was fined €460m for the alleged search abuses and €430m for the Play Store breaches. “Google has fallen short of effective compliance with the Digital Markets Act, and today we have taken decisive yet balanced enforcement action sanctioning these breaches,” EU competition chief Teresa Ribera said. “The best products should succeed because they’re better, not because they’re owned by the company running the search engine.”
Full Issue