EU regulators hit Google with $1.7 billion fine for blocking ad rivals

The European Union on Wednesday ordered Google to pay 1.49 billion euros ($1.69 billion) for stifling competition in the online advertisement sector. The European Commission said Google had placed exclusivity contracts on website owners, stopping them from including search results from Google’s rivals. It said these clauses were replaced in 2009 by premium payments and in the same year, Google had asked publishers to seek permission on how rival ads were displayed.
Read more: https://www.cnbc.com/2019/03/20/eu-vestager-hits-google-with-fine-for.html?source=Snapzu