MobileNews

Google Shopping’s ‘monopoly-like’ position leads to a new $2.4 billion lawsuit in the EU

Google has been facing a lot of scrutiny over the past few years over its dominant positions in the market, and this week the company is facing yet another lawsuit. In the EU, a competitor to Google Shopping has issued a multi-billion dollar lawsuit over Search favoring Google Shopping over competitors.

The lawsuit, headed by Sweden-based price comparison service “PriceRunner,” seeks damages of €2.1 billion (roughly $2.4 billion). This comes after the EU upheld an antitrust lawsuit that fined Google €2.42 billion for favoring its shopping service over competitors.

PriceRunner claims that Google has a “monopoly-like position” in Europe, and that the company has not complied with the EU’s decision. Google has appealed that decision, saying that the company feels “there are areas that require legal clarification.”

In this latest lawsuit, PriceRunner claims that “comparison shopping services” hurt by Google Shopping’s dominance can claim damages from Google. In PriceRunner’s case, the company claims these damages add up to that €2.1 billion total from 2008 until 2020. The company further says that damages will increase by 8% per year.

During the course of the litigation, the amount of damages in the lawsuit will be increased significantly. Since the violation is still ongoing the damages amount will also increase from 2021 for every day that Google continues the abuse.

More on Google:



Author: Ben Schoon
Source: 9TO5Google

Related posts
GamingNews

Warhammer 40,000: Space Marine 2 Hotfix 10.1 Stops the Heroic Cadians From Tanking the Trygon Prime

GamingNews

'Every Major Game Faces This Issue' — Activision Steps Up War on PC Cheaters Ahead of Black Ops 7 Launch

GamingNews

Football Manager 26 Preorders Are Now Live After Skipping Last Year

CryptoNews

Robinhood Debuts Social Trading App With Live Crypto, Stocks, Options Integration

Sign up for our Newsletter and
stay informed!