Swedish court orders Google to pay Klarna nearly $2 billion in antitrust suit

Regulation

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Summary · why it matters

A Swedish court has ordered Alphabet's Google to pay nearly $2 billion to buy now, pay later platform Klarna in an antitrust suit. The ruling found that Google favored its own shopping comparison tools over Klarna's, disadvantaging competitors and consumers. Google disagrees with the decision and can appeal. The penalty is seen as a drop in the bucket for the tech giant, but it adds to a series of recent antitrust setbacks for Google in both the US and Europe.