00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Google was fined a total of $890 million, or about $1 billion, by the European Commission
00:08for violating the European Union's Digital Markets Act, according to Reuters.
00:13Regulators issued a $460 million fine over Google's treatment of its own services and
00:20search results and a $430 million fine over Google Play restrictions that limited app
00:25developers from directing users to cheaper offers outside the App Store.
00:30The Commission said Google has made good progress toward compliance, making additional daily
00:35penalties unlikely if the company continues implementing changes.
00:40Google criticized the decision, said the required changes would reduce product quality, and
00:45said it may challenge the ruling in court.
00:47For all things money, visit Benzinga.com.
Comments