EU fines Google a record 2.4 billion euros in antitrust case

BRUSSELS — The European Union has slapped a record 2.42 billion euro ($2.72 billion) fine on internet giant Google on Tuesday for taking advantage of its dominance in online searches to direct customers to its own online shopping business.

European regulators gave the company based in Mountain View, California, 90 days to stop or face fines of up to 5 percent of the average daily worldwide revenue of parent company Alphabet. Google says it is considering an appeal.

http://www.startribune.com/eu-fines-google-a-record-2-42-billion-euros/431029813/