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Google fined €2.95bn by EU for abusing advertising dominance

The Commission said competitors faced higher costs and reduced revenues as a result.

The European Commission said on Friday the tech giant had breached competition laws by favouring its own products for displaying online ads, to the detriment of rivals. Competitors and publishers faced higher costs and reduced revenues as a result, it said, claiming these may have been passed to consumers in the form of more expensive services. Teresa Ribera, executive vice president of the Commission, said in a statement on Friday the regulator had factored in previous findings of Google's anti-competitive conduct when deciding to levy a higher fine.

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