BANKING GENERAL KNOWLEDGE
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Google
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Yahoo
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Facebook
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YouTube
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Detailed explanation-1: -The European Commission has fined Google €2.42 billion for breaching EU antitrust rules. Google has abused its market dominance as a search engine by giving an illegal advantage to another Google product, its comparison shopping service.
Detailed explanation-2: -The European Union (EU) has imposed a record penalty of 4.3 billion euros (around $5 billion) on Alphabet Inc.’s Google (GOOGL) unit on charges that the firm ues its popular Android mobile operating system to illegally “cement its dominant position in general internet search, ” the BBC reports.
Detailed explanation-3: -Google has racked up more than 8 billion euros ($7.7 billion) in EU antitrust fines in the last decade. The EU competition enforcer is likely to issue the charges early next year although the timing may still change, one of the people said.
Detailed explanation-4: -Google has been hit with a record-breaking €4.3 billion ($5 billion) fine by EU regulators for breaking antitrust laws. The European Commission says Google has abused its Android market dominance in three key areas. Google has been bundling its search engine and Chrome apps into the operating system.