EU delivers $2.7 billion ‘bad news’ to Google, claims its ‘shopping service’ cost billions

Google has suffered a setback in the European Union (EU) as the Alphabet-owned company has lost an appeal against a massive EUR 2.4 billion ($approx 2.7 billion) fine imposed by the region’s antitrust regulators in 2017. The fine was one of three significant penalties levied against the tech giant for anti-competitive practices.