EU fines Google 2.42B for anti-competitive behaviour

The EU had been expected to fine Google a little over €1B for its anti-competitive practice of promoting its own shopping service over competitors' in search results: today's 2.42B comes as a surprise, as does the ongoing fine if it fails to change its behavior within 90 days -- up to 10.6m a day, or 5% of parent company Alphabet's total daily earnings. (more…)