Google takes steps to avoid billions in antitrust fines
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The European Union's antitrust regulator said that Google Inc. needs to submit a report on Jan. 29 about the changes it has made to its shopping service to give smaller competitors a fairer deal if it wants to avoid hefty fines, AdAge reported citing Bloomberg. Failure to comply with an EU antitrust order could cost Google up to 5% of global daily revenue. Google's competitors such as U.K.-based shopping website Foundem said that the firm's offer to auction advertising space does not work because Google wins most of the spots.
