European Union fines Google a record 2.42 billion euros

European regulators said on Tuesday that “Google has abused its market dominance as a search engine by giving an illegal advantage to another Google product, its comparison shopping service.”

It gave the Mountain View, California, company 90 days to stop or face fines of up to 5 per cent of the average daily worldwide turnover of parent company Alphabet.

The European Commission, which polices EU competition rules, alleges Google elevates its shopping service even when other options might have better deals. Google maintains it’s trying to package its search results in a way that makes it easier for consumers to find what they want.