More Bad News for Google amid Fears over Decline in Digital Ad – TheStreet
Alphabet (GOOGL) – Get Alphabet Inc. Class A Report doesn’t seem very welcome in Europe.
Alphabet’s Google unit is still fighting a $1.6 billion (1.49 billion euro) European Union fine imposed by EU antitrust regulators from three years ago.
The EU charged Google with hindering online search advertising from rivals.
That fine is just one of three actions the EU has taken against the internet giant, totaling $8.8 billion (8.25 billion euro).
In 2021, the company lost its court fight against a $2.8 billion (2.42 billion euro) fine after EU regulators ruled in 2017 that Google had pushed its own shopping services on its platforms. The company contested the ruling, leading to a years-long review process.
But those fines pale in comparison to the $5 billion (4.34 billion euro) fine that the EU levied against Google in 2018 that the company is still fighting.
That penalty…
Read Full Story: https://www.thestreet.com/technology/more-bad-news-for-google-amid-fears-over-decline-in-digital-ad
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source: https://news.oneseocompany.com/2022/05/26/more-bad-news-for-google-amid-fears-over-decline-in-digital-ad-thestreet_2022052620629.html
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