Google CEO Sundar Pichai says company will appeal record fine from EU ruling

Google isn't going down without a fight.

The search giant just received a record $5 billion fine from the European Union over monopolizing the search engine on Android phones, which the commission said illegally "cemente[ed] its dominant position" for search engines.

Although there isn't a clear answer for whether Google is a monopoly, today's ruling plainly shows that Google is at least a monopoly in searches.

But Google CEO Sundar Pichai released a blog post that argued against the decision and said that the company would appeal the EU's determination. Read more...