BRUSSELS—The European Union fined Alphabet Inc.’s Google €1.49 billion ($1.7 billion) for abusing the dominance of its search engine to block competitors in the niche market of selling text ads on the search results that appear on third-party websites.
The article goes on to state the following:
“Google has cemented its dominance in online search adverts and shielded itself from competitive pressure by imposing anticompetitive contractual restrictions on third-party websites,” said Margrethe Vestager, the EU’s antitrust chief. “This is illegal under EU antitrust rules,” she added.
Google is fined $1.7 billion in the EU for imposing ad restrictions on third-party sites, its third antitrust penalty from the bloc since 2017 https://t.co/u4esxJl7eK
— The Wall Street Journal (@WSJ) March 20, 2019
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