Antitrust laws are intended to prevent companies from controlling prices and reducing competition.
Google, the search engine giant, has been fined £2.1bn by European regulators. The huge financial punishment has been levied because Google has been judged to be abusing its dominance in the world of online shopping. Google has been given 90 days to end its misconduct by the European Commission. Failure to do so will result in penalty payments being levied against the corporation that will equal five per cent of Google’s parent company, Alphabet’s, average daily turnover throughout the world.
intended to prevent companies from controlling prices and reducing competition
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