EU court rules Google must pay €2.4bn fine

Published On Sep 10, 2024, 4:00 AM

The European Court of Justice has upheld a €2.4 billion fine against Google for abusing its market dominance in its shopping comparison service. Initially levied by the European Commission in 2017, this penalty has now been confirmed, concluding a lengthy legal battle that began with a complaint from British firm Foundem in 2009. Google expressed disappointment with the ruling and highlighted changes it implemented to comply with the commission's earlier decision. Experts warn that Google may face further legal challenges from parties claiming compensation due to the company's anticompetitive practices. The ruling also hints at potential ramifications for ongoing antitrust cases against Google.

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The upheld fine could lead to heightened scrutiny and legal challenges against Google, potentially impacting its stock performance negatively. Furthermore, ongoing investigations and fines could strain its finances and public image.

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