EU slaps Google with record $2.7 billion fine

European antitrust regulators slapped Google with a record €2.4 billion ($2.7 billion) fine Tuesday for systematically favoring its own search results above those of its competitors.

The European Commission found that the U.S. tech giant used its search results to unfairly steer customers to its own shopping platform in a case that dates to 2010.

Google has the right to appeal the decision.

Intel has been fighting to overturn the previous record fine of €1.06 billion ($1.2 billion) since it was imposed by antitrust regulators in 2009.

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