By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Starr FmStarr FmStarr Fm
  • Home
  • Election Hub
  • General
    GeneralShow More
    Ghana, UAE to deepen energy cooperation, explore oil storage and renewable transition
    May 7, 2026
    Calls for accountability were a national fight, not an NDC agenda – Hamza Suhuyini
    May 7, 2026
    NDC still committed to accountability fight despite slow judicial process – Hamza Suhuyini
    May 6, 2026
    BoG losses not justified by inflation gains – Dr. Kwasi Nyame-Baafi
    May 6, 2026
    Without NPP, major road projects wouldn’t exist – Kamal Deen Abdulai
    May 6, 2026
  • Business
    BusinessShow More
    BoG losses not justified by inflation gains – Dr. Kwasi Nyame-Baafi
    May 6, 2026
    Stakeholders push for National Soybean Strategy to strengthen Ghana’s agribusiness sector
    May 6, 2026
    BoG sold gold reserves to generate artificial revenue to reduce reported losses – IERPP Director
    May 6, 2026
    Ghana charts path to poultry self-sufficiency through policy plan
    May 6, 2026
    Ghana could exhaust gold reserves in 2–3 years if current trend continues – IERPP Director
    May 6, 2026
  • Politics
    PoliticsShow More
    Former NPP Chairman, Afoko meets Bawumia, Akufo-Addo et al for Unity talks
    May 7, 2026
    Ghana, UAE to deepen energy cooperation, explore oil storage and renewable transition
    May 7, 2026
    Calls for accountability were a national fight, not an NDC agenda – Hamza Suhuyini
    May 7, 2026
    NDC still committed to accountability fight despite slow judicial process – Hamza Suhuyini
    May 6, 2026
    starrfm.com.gh
    Linda ocloo backtracks after backlash over ‘punitive Northern’ transfer remarks
    May 6, 2026
  • Entertainment
    EntertainmentShow More
    Kojo Antwi to headline 2026 EU-Ghana Golden Jubilee event
    May 6, 2026
    Ghana’s Film Industry Is Not Broke, It Is Stuck
    May 5, 2026
    Best Girlfriends Podcast announces kid influencer Simply Mary as new fourth host
    May 5, 2026
    TGMA 2026 AOTY battle: Wendy Shay is the Yaa Asantewaa of Ghana music today – MC Portfolio
    May 2, 2026
    Phil Thompson confirms Joe Mettle collaboration, new song due in 4-6 weeks
    May 1, 2026
  • Sports
    SportsShow More
    PSG hold Bayern to reach back-to-back Champions League finals
    May 6, 2026
    Carlos Queiroz names Pre-World Cup squad; drops big names, calls up 6 local players
    May 6, 2026
    Arsenal beat Atletico Madrid to secure Champions League final spot
    May 6, 2026
    PrideSpins Community Soccer Gala Final: a historic showdown at TEPS Park
    May 5, 2026
    Sports Ministry, GAA respond to relay team travel complaints after athlete backlash
    May 4, 2026
  • Technology
    TechnologyShow More
    African-Led ANH-ARC platform launches in Ghana to transform food systems, nutrition and health
    May 2, 2026
    Amardeep Singh Hari named Ghana’s most influential tech entrepreneur of all time
    April 30, 2026
    Yellow Card publishes 2026 report on data protection and AI governance
    April 23, 2026
    Master AI and cybersecurity to fight fake news – Dr Zanetor Rawlings to Ghana’s youth
    April 22, 2026
    The Hope Network meets Prof. Mark Appiah to chart path for growth, eyes STEM Center and donor partnerships
    April 22, 2026
  • International
    InternationalShow More
    PSG hold Bayern to reach back-to-back Champions League finals
    May 6, 2026
    Arsenal beat Atletico Madrid to secure Champions League final spot
    May 6, 2026
    Ghana to host global leaders for reparatory justice conference after landmark UN resolution
    May 4, 2026
    President Mahama joins global leaders in Gabon for inaugural Innovation and Development Forum
    May 3, 2026
    Phil Thompson confirms Joe Mettle collaboration, new song due in 4-6 weeks
    May 1, 2026
  • Factometer
Search
© 2024 EIB Network Ltd. All Rights Reserved.
Reading: Google hit with record $2.7bn fine
Share
Notification Show More
Font ResizerAa
Starr FmStarr Fm
Font ResizerAa
  • Headlines
  • Election Hub
  • General
  • Politics
  • Sports
  • Business
  • Entertainment
  • Factometer
Search
  • Headlines
  • Election Hub
  • General
  • Politics
  • Sports
  • Business
  • Entertainment
  • Factometer
Have an existing account? Sign In
Follow US
© 2024 EIB Network Ltd. All Rights Reserved.
BusinessTechnology

Google hit with record $2.7bn fine

Starrfm.com.gh By Starrfm.com.gh Published June 27, 2017
Share
SHARE

Google has been fined 2.42bn euros ($2.7bn; £2.1bn) by the European Commission after it ruled the company had abused its power by promoting its own shopping comparison service at the top of search results.

The amount is the regulator’s largest penalty to date against a company accused of distorting the market.

The ruling also orders Google to end its anti-competitive practices within 90 days or face a further penalty.

The US firm said it may appeal.

However, if it fails to change the way it operates the Shopping service within the three-month deadline, it could be forced to make payments of 5% of its parent company Alphabet’s average daily worldwide earnings.

Based on the company’s most recent financial report, that amounts to about $14m a day.

The commission said it was leaving it to Google to determine what alterations should be made to its Shopping service rather than specifying a remedy.

“What Google has done is illegal under EU antitrust rules,” declared Margrethe Vestager, the European Union’s Competition Commissioner.

“It has denied other companies the chance to compete on their merits and to innovate, and most importantly it has denied European consumers the benefits of competition, genuine choice and innovation.”

Ms Vestager added that the decision could now set a precedent that determines how she handles related complaints about the prominence Google gives to its own maps, flight price results and local business listings within its search tools.

Google had previously suggested that Amazon and eBay have more influence over the public’s spending habits and has again said it does not accept the claims made against it.

“When you shop online, you want to find the products you’re looking for quickly and easily,” a spokesman said in response to the ruling.

“And advertisers want to promote those same products. That’s why Google shows shopping ads, connecting our users with thousands of advertisers, large and small, in ways that are useful for both.

“We respectfully disagree with the conclusions announced today. We will review the Commission’s decision in detail as we consider an appeal, and we look forward to continuing to make our case.”
Fast growth

Google Shopping displays relevant products’ images and prices alongside the names of shops they are available from and review scores, if available.

The details are labelled as being “sponsored”, reflecting the fact that, unlike normal search results, they only include items that sellers have paid to appear.

On smartphones, the facility typically dominates “above-the-fold” content, meaning users might not see any traditional links unless they scroll down.

Google also benefits from the fact the Shopping service adverts are more visual than its text-based ads.

One recent study suggested Shopping accounts for 74% of all retail-related ads clicked on within Google Search results. However, the BBC understands Google’s own data indicates the true figure is smaller.
Seven-year probe

The European Commission has been investigating Google Shopping since late 2010.

The probe was spurred on by complaints from Microsoft, among others.

The rival tech giant has opted not to comment on the ruling, after the two struck a deal last year to try to avoid such legal battles in the future.

However, one of the other original complainants – the British price comparison service Foundem – welcomed the announcement.

“Although the record-breaking 2.42bn euro fine is likely to dominate the headlines, the prohibition of Google’s immensely harmful search manipulation practices is far more important,” said its chief executive Shivaun Raff.

“For well over a decade, Google’s search engine has played a decisive role in determining what most of us read, use and purchase online. Left unchecked, there are few limits to this gatekeeper power.”

You Might Also Like

BoG losses not justified by inflation gains – Dr. Kwasi Nyame-Baafi

Stakeholders push for National Soybean Strategy to strengthen Ghana’s agribusiness sector

BoG sold gold reserves to generate artificial revenue to reduce reported losses – IERPP Director

Ghana charts path to poultry self-sufficiency through policy plan

Ghana could exhaust gold reserves in 2–3 years if current trend continues – IERPP Director

TAGGED:google
Share This Article
Facebook Twitter Email Print
Share
Previous Article $19bn Chinese loan will benefit China – ISODEC warns
Next Article Helicopter attacks Venezuelan Supreme Court

Starr 103.5FM

Starr FmStarr Fm
Follow US
© 2024 EIB Network Ltd. All Rights Reserved.
newsletter icon
Join Us!

Subscribe to our newsletter and never miss our latest in news, podcasts etc..

[mc4wp_form]
Zero spam, Unsubscribe at any time.
adbanner
AdBlock Detected
Our site is an advertising supported site. Please whitelist to support our site.
Okay, I'll Whitelist
Welcome Back!

Sign in to your account

Lost your password?