European Commission Fines Google €890 Million For Breaches Of The Digital Markets Act

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Vanguard Ftseeuropean ETF
iShares MSCI Eurozone ETF

Alphabet Inc. Class C

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Vanguard Ftseeuropean ETF

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iShares MSCI Eurozone ETF

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Today, the European Commission took two decisions finding non-compliance by Google with the Digital Markets Act (DMA) for self-preferencing its own services on Google Search, and for putting in place restrictions on businesses to direct consumers to alternative, often cheaper, purchase channels on Google Play (steering). In this regard, the Commission issued Google a fine of €460 million and a fine of €430 million respectively.  

https://ec.europa.eu/commission/presscorner/detail/en/ip_26_1670