Google Fights Record EU Android Fine, Claims Users Choose Services Over Rivals

Comments
Loading...
Zinger Key Points
  • Google challenges EU's $4.13B Android fine, arguing users prefer its search engine and Chrome over competitors.
  • EU penalties for Google hit €8.25B over 10 years; DOJ urges Google to divest Chrome to restore market competition.
  • Get Wall Street's Hottest Chart Every Morning

Alphabet Inc GOOG GOOGL Google is contesting the European Commission in Luxembourg against the record European Union antitrust fine over its Android operating system.

The European Union regulator penalized Google by 4.34 billion euros ($4.55 billion) in 2018 for allegedly exploiting its influence to drive traffic from Android devices to Google’s search engine, the Wall Street Journal reports.

Google’s lawyers reasoned that the commission made mistakes in its ruling as users preferred using Google’s search engine and Chrome browser.

Also Read: SAP Q4 Earnings: Revenue Beats Estimates, Cloud Backlog Grows 32%, CEO Projects Accelerated Revenue Through 2027

The company said Android competes with Apple Inc’s AAPL iOS operating system and offers people plenty of choices. Apple is trying to defend its billion-dollar revenue-sharing agreements with Google, which helped the latter earn $20 billion in 2022.

Google has faced nearly 8.25 billion euros of EU antitrust penalties in the last ten years. However, it failed to reverse a 2.4 billion euro EU penalty in 2024 for its search result disparities with rivals.

The company also previously lost a battle at the European Union General Court to cancel the Android fine. Still, it persuaded judges to lower the figure to around 4.13 billion euros from 4.34 billion euros.

Google held $93.23 billion in cash and equivalents as of Sept. 30.

In 2024, the U.S. Department of Justice (DOJ) urged Google to divest its Chrome browser to restore competition in the search market.

Perplexity AI chief Aravind Srinivas speculated acquiring the Chrome browser, suggesting its potential value could reach $20 billion.

Price Action: GOOGL stock is up 0.43% at $192.64 premarket at last check Tuesday.

Also Read:

Image: Shutterstock

Overview Rating:
Good
62.5%
Technicals Analysis
100
0100
Financials Analysis
40
0100
Overview
Market News and Data brought to you by Benzinga APIs

Posted In:
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!