Klarna Announces Swedish Court Awards $1.97B In Damages To PriceRunner Against Google In Lost Revenue

Klarna Group Plc
Alphabet Inc. Class C
Alphabet Inc. Class A

Klarna Group Plc

KLAR

0.00

Alphabet Inc. Class C

GOOG

0.00

Alphabet Inc. Class A

GOOGL

0.00

Klarna Group plc (NYSE:KLAR) today announces that the court has ruled in PriceRunner’s favor, awarding $1.97 billion in damages in an antitrust case brought by PriceRunner against Google. The award compensates for lost revenue caused by Google's preferential treatment of its own comparison-shopping service over independent price-comparison services, conduct that also drives up costs for consumers.

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