Europe prepares to hit Google with another huge fine [CNNMoney.com]
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Source: CNNMoney.com
Europe prepares to hit Google with another huge fineEurope could soon bring the hammer down on Google.The European Commission is expected to hit the company with a massive fine over allegations that it pushed its apps on smartphone users and thwarted competitors.The complaints — brought by European and American rivals — have been under investigation since 2015, and a decision will be announced Wednesday, according to multiple media reports. The European Union's top antitrust official Margrethe Vestager is scheduled to address reporters at 7 a.m. ET in Brussels.The Commission declined to comment ahead of the press conference.EU regulators have taken a much more adversarial approach to big tech companies than their US counterparts, especially when it comes to competition, data protection and tax issues.Last year, Google (GOOGL) was hit with a record EU antitrust fine of €2.4 billion ($2.8 billion) for prioritizing its shopping service over competitors in search. Apple(AAPL), Amazon(AMZ
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