Google is reportedly spinning off its comparison shopping service into a “standalone unit” after it was the subject of a record €2.42 billion fine ($2.7 billion) from the European Union. According to a report from Bloomberg, the tech giant will comply with the EU’s ruling by separating Google Shopping from the rest of its search business. The service will remain part of Google itself, but will “operate separately and use its own revenues to bid for ads.”
The EU targeted Google Shopping in a seven-year antitrust investigation that culminated in the fine this June. EU competition commissioner Margrethe Vestager said Google had “abused its market dominance as a search engine by promoting its own comparison shopping service in its search...
from
https://www.theverge.com/2017/9/26/16368184/google-shopping-service-spin-off-eu-fine
from
http://ifeeltechinc.blogspot.com/2017/09/google-is-reportedly-separating-its.html
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