Google hit with staggering €2.42 billion fine over its Shopping service -- and it could be forced to pay even more

Google has been fined a record €2.42 billion ($2.7bn/£2.1bn) by the European Commission after a seven year investigation sparked by Microsoft and other firms, found that the company had unfairly promoted Google Shopping above other similar shopping comparison services on its search site. The ruling also states that Google has 90 days to cease its anti-competitive practices or it could occur further penalties, and they could really rack up. If Google fails to make the required changes, the European Commission could fine it 5 percent of parent company Alphabet's average daily worldwide earnings, which works out to around $14 million… [Continue Reading]