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EU Top Court Upholds 4.1 Billion-Euro Antitrust Fine Against Google Over Android Market Abuse

Seekingalpha+1 ·
EU Top Court Upholds 4.1 Billion-Euro Antitrust Fine Against Google Over Android Market Abuse
  • The European Commission's top court upheld a fine of approximately 4.1 billion euros ($4.67 billion) against Google for anti-competitive practices related to its Android operating system.
  • The original 2018 penalty was based on findings that Google abused Android's market dominance by using pre-installation deals with smartphone makers to give an unfair advantage to its own applications.

Quotes

“In 2018, the European Commission slapped Google with the record-breaking penalty on the grounds that it abused Android’s mobile dominance to give unfair advantage to its own apps via pre-installation deals with smartphone makers.”— CNBC
“Alphabet’s Google (GOOG) (GOOGL) lost its long-running battle against a €4.1B ($4.7B) European Union antitrust fine after the bloc's top court upheld regulators' findings that the U.S. tech giant abused the market dominance of its Android operating system.”— Seekingalpha

Sources