Alphabet Fined €890 Million ($1 Billion) by EU Over Antitrust Violations

The European Union has fined Alphabet, Google's parent company, €890 million (approximately $1 billion) for two violations of the Digital Markets Act. The penalties relate to preferential treatment given to its own services in search results and restrictions on Android developers redirecting users to alternative payment systems.

By Jess Weatherbed · The Verge ·

Alphabet Fined €890 Million ($1 Billion) by EU Over Antitrust Violations

Tickers: $GOOGL

Topics: Antitrust Digital Markets Act (DMA) EU Regulation Google

Read the full article at The Verge

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