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Google hit with record $5 billion EU antitrust fine

Antitrust regulators from the EU have fined Google a record $5 billion dollars for its use of “Android as a vehicle to cement the dominance of its search engine.” While the fine would hardly dent the $102.9 billion in cash reserves held by Google’s parent company Alphabet Inc., Google must comply with the terms of the ruling within 90 days or face additional fines of a great amount. The ruling comes in the midst of uncertainty in U.S.-E.U. economic relations, and the EU antitrust chief tried to emphasize that this ruling was not a product of the “political context.”

Source: Google hit with record $5 billion EU antitrust fine | Reuters

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