Google’s appeal was rejected and still faces huge EU fines

$Alphabet-A(GOOGL.US)$ According to media reports, the European Union's Permanent Court rejected the appeal of Google Inc. on the 10th and supported the European Commission's imposing an antitrust fine of 2.42 billion euros. In June 2017, the European Commission made a ruling on the "Google Shopping" antitrust case and imposed a fine of the above amount on Google on the grounds that the company abused its dominant position in the search engine market. Google subsequently appealed to the Permanent Court of the European Union. According to relevant regulations, Google can still appeal to the higher-level European Court of Justice.

Article excerpted from the US Stock Research Agency