EU slaps Google with record $2.7 billion fine

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5 stunning stats about Google

European antitrust regulators slapped Google with a record €2.4 billion ($2.7 billion) fine on 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 (GOOGL, Tech30) has the right to appeal the decision.

Intel (INTC, Tech30) 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.

CNNMoney (London) First published June 27, 2017: 5:53 AM ET

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