Policy · 2h ago
Swedish Court Orders Google to Pay $1.5B to Klarna in Antitrust Case
A Swedish court ruled Google must pay $1.5 billion to Klarna for antitrust violations, finding Google abused its market power in online payments. The case centered on Google's restrictions on third-party payment services in its app store. Klarna, a Swedish fintech, had sought damages for lost revenue due to Google's practices.
Meridian48 take
The ruling could set a precedent for tech antitrust damages in Europe, but Google is likely to appeal, prolonging the legal battle.
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Swedish court says Google is to pay $1.5B to Klarna in antitrust damages →
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