No, wait a second. I mean… Five billion dollars!
The European Union hit Alphabet Inc.’s Google with a record antitrust fine of €4.34 billion ($5.06 billion) and ordered changes to its business that could loosen the company’s grip on its biggest growth engine: mobile phones.
In the EU’s sharpest rebuke yet to the power of a handful of tech giants, the bloc’s antitrust regulator found Wednesday that Google had abused the dominance of its Android operating system, which runs more than 80% of the world’s smartphones, to promote and entrench its own mobile apps and services, particularly the company’s search engine…
As part of the decision, the EU ordered Google to cease requirements that push phone makers to pre-install Google’s web browser Chrome, make Google the default search engine on their phones, and offer payments for exclusively pre-installing Search.
“Today’s decision rejects the business model that supports Android, which has created more choice for everyone, not less.”