The European Commission fined Google $5 billion (4.34 billion euros) because of its"illegal practices" of pushing its Android programs on smartphone clients, the regulating body Said.The hottest anti-trust punishment for the US search company is equivalent to the sum of money that the Netherlands leads to the EU budget every year.The fine was declared during a press conference held by EU Competition Commissioner Margrethe Vestager at Brussels.The fine will surpass last year's then-record 2.4 billion euro punishment after an investigation to Google's shopping-search service.Regardless of the eye-popping dollar sum, the good is less than 1 percent of the organization's marketplace capitalization, which is roughly $830 billion. Furthermore, the organization's earnings topped $31 billion from the first quarter.Shares climbed on Thursday; a sign investors aren't worried at this time. For the calendar year, the stock has gained 15% exceeding the 5 percent profit of this S&P 500.The crux of the matter is that the monopoly Google has gained within the Android program market as well as the promotion advantage this gives the provider.The EU ran three-year research into Google that discovered the Mountain View-based firm was utilizing its Android operating method to marginalize competitions.The EU has also charged Google with shutting-out opponents by forcing major mobile manufacturers such as South Korea's Samsung and China's Huawei to pre-install its search engine and Google Chrome browser.Google can run ads inside software pre-installed using all the Android mobile operating system -- something competitions aren't allowed to perform.Speaking at the hearing, EU Competition Commissioner Margrethe Vestager stated:'Google has engaged in illegal practices to cement its position.'It should put an effective end to this clinic or face penalty payments.If Google doesn't cover over the following 90 days, it might face additional fines up to five percent of parent company Alphabet Inc's average daily global turnover for every day it fails to honor.The initial fine might have been as large as $11 billion (#8.5bn / 9.5bn), roughly five percent of the Alphabet's annual international earnings, according to EU guidelines.Shares from the research giant dropped by 0.4% in premarket trade in the US on the information of this fine, based on reports on CNN.Google explained that rather than restricting competition, it did the exact reverse.We will appeal the Commission's decision.'