German court rules Google must pay €572M for violating antitrust rules
8 days ago
- #Price Comparison
- #Antitrust
- A German court ruled that Google abused its dominant market position in the price comparison sector.
- Google must pay €572 million ($665.6 million) in damages to two German price comparison companies, Idealo and Producto.
- Idealo sought €3.3 billion in damages, citing Google's self-preferencing of its own shopping comparison service.
- Idealo plans to continue its case against Google to seek full damages.
- Google intends to appeal the rulings, stating its 2017 changes are working well.
- Google claims rival comparison shopping services have equal opportunities to display ads.
- The ruling follows an EU investigation into Google's spam policy and a recent €2.95 billion fine for antitrust violations.