Google faces nearly €3.5 billion EU antitrust fine over adtech practices
TL;DR Summary
Google was fined €2.95 billion ($3.45 billion) by the EU for anti-competitive practices in its adtech business, accused of favoring its own services and abusing market power since 2014. The EU ordered Google to cease self-preferencing and address conflicts of interest, with the company planning to challenge the decision in court. This is part of a long-standing regulatory battle between Google and EU authorities.
Topics:business#adtech-practices#business#competition-regulation#eu-antitrust-fine#google#market-dominance
- Google hit with $3.45 billion EU antitrust fine over adtech practices CNN
- Google fined €2.95bn by EU for abusing advertising dominance BBC
- Google Fined Almost €3 Billion by EU for Adtech Power Abuse Bloomberg.com
- Alphabet's Google set to be hit with EU antitrust fine over adtech on Friday, sources say Reuters
- Google hit with $3.5B fine in EU over ad tech antitrust Axios
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