English
Back
Download
Log in to access Online Inquiry
Back to the Top

Google Wins Court Challenge Over $1.7B EU Antitrust Fine

👉 Key Highlights:
📍 EU's General Court annuls European Commission's $1.7 billion fine against Google.

📍 Court upholds majority of findings but cancels the fine.

📍 Case involved AdSense for Search related to search ads on third-party websites.

📍 Commission alleged abuse of market dominance via restrictive contracts.

📍 Court says Commission failed to consider all relevant circumstances.

📍 Google made contract changes in 2016, removing disputed provisions.

📍 Commission may appeal to the European Court of Justice.

📍 Recent ECJ rulings upheld other fines against Google and Apple.

👉 Context/Background:

In 2019, the European Commission fined Google €1.49 billion for abusing its market dominance with AdSense for Search. Google appealed, and the EU's General Court has now annulled the fine, though it upheld most of the Commission's findings.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
3
+0
Translate
Report
25K Views
Comment
Sign in to post a comment
    AI-Powered Insights at a Glance: Crystal-clear earnings reports & vital stock news.
    782
    Followers
    13
    Following
    1631
    Visitors
    Follow
    Discussing
    Trump 2.0 Era: What's the next opportunity in the markets?
    ▪️Could Trump's crypto policies potentially benefit the crypto market? ▪️Might his tariff policies have a positive effect on Chinese stocks Show More