EU Commission Hits Google With Hefty €2.95 Billion Fine

The European Commission on Friday fined Google €2.95 billion for abusing its dominant position in the advertising technology industry. This decision comes amid serious trade tensions with the US administration over tech regulation. The EU antitrust enforcer on Friday walloped US tech giant Google with a €2.95 billion fine for self-preferencing its ad exchange tool “AdX”, while dominating the market with its publisher ad server and its ad buying tools. “Google must now come forward with a serious remedy to address its conflicts of interest, and if it fails to do so, we will not hesitate to impose strong remedies,”...