The Court of Justice of the European Union (EU) has upheld a 2.4-billion-euro ($2.7 billion) fine against Alphabet’s Google, rejecting the company’s appeal. The fine was imposed for favoring its own shopping services over competitors’ offerings. This decision reinforces a 2017 ruling by the European Commission.
Google expressed disappointment, stating it had made necessary changes in 2017 to comply with the Commission’s decision and has since generated significant benefits for comparison shopping services.
This ruling follows recent regulatory challenges for Google, including a U.K. investigation into potential anti-competitive practices and a U.S. federal judge’s finding of an illegal search monopoly. Despite the setback, Alphabet’s shares rose over 1% and are up about 8% year-to-date.

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