Alphabet Inc-owned Google is vowing to fight a $2.4 billion lawsuit filed in Europe by Swedish e-commerce site PriceRunner, which claims the US tech giant has caused it “damage” through its “infringement” of the continent’s anti-trust laws.
PriceRunner alleges that Google has used its “monopoly-like position” in Europe, where the US firm’s search engine has a market share of “over 90%,” to give its shopping site a competitive advantage over other e-commerce platforms.
The Swedish firm filed its action just weeks after a November court ruling which upheld the European Union’s $2.8 billion fine.
The fine was first levied by EU competition chief Margrethe Vestager in 2017 over Google boosting its own price-comparison shopping service in search results to give it an unfair advantage against smaller European rivals.
https://nypost.com/2022/02/07/google-sued-by-swedish-firm-for-2-4b-after-antitrust-fine/