• Latest
  • Trending
Google battles landmark UK class action over alleged iPhone tracking

Google near settlement of French antitrust case, WSJ says

Data shows that US inflation cooling

Household wealth anticipation has declined, claim by global poll

Support measures push Japanese corporate bankruptcies to 50 year low

How is the bond yield controlled in Japan?

BOJ’s Kuroda signals readiness to extend pandemic-aid scheme

Policy takes the u-turn; BoJ’s yield curve may slip

Asia shares falls on worries over inflation, Fed outlook

Stocks are calm ahead of a possible CPI hurricane

Artificial intelligence to take on the Aviation industry too

Normalcy wished to revert to airlines after FFA blackout

Dollar dented as consumer sentiment dives

Dollar declines on expectations of weaker US rate increases and China’s resumption

Stocks gain as upbeat wall St earnings lift outlook

Bloomberg might pick up Wall St. Journal or W.Post, citing Axios

Rocky market giving macro funds a boost

Funds begin progress aiming for the peak of the U.S. interest rate: McGeever

Fed’s stress test on bank health results roll out on Thursday

Romer: Fed must make a “tough call” to prevent a shocker

FTX invested $300 million in Bahamas property as “personal fiefdom”

Bankman-Fried lawsuit’s link with the former head attorney of FTX

China signals crackdown on privacy, data, anti-trust to go on

Caixin PMI: China’s December manufacturing activity continues to fall because of a rise in COVID

Startup life outside the Tech hub

Start-ups emerge from the wreckage of Big Tech’s purging

Global Business Review Magazine
Thursday, March 23, 2023
Nominate Here
  • Home
  • Banking
  • Finance
  • Technology
  • FinTech
  • Business
  • Videos
  • Events
  • Awards
  • Magazine
No Result
View All Result
Global Business Review Magazine
No Result
View All Result

Google near settlement of French antitrust case, WSJ says

Google battles landmark UK class action over alleged iPhone tracking

Alphabet Inc’s Google is close to settling an antitrust investigation in France. This is over allegations that abused its power in online advertising. This is reported on the Wall Street Journal, citing people familiar with the matter. The company is expected to pay a fine and institute operational changes. Google’s tool to help websites and apps sell ads gave Google’s online ad auction system. This is an advantage over rival exchanges, said the French Competition Authority.

The newspaper report stated that Google offered to settle the matter by removing obstacles that it puts up against competitors. This settlement could be among the first resolutions in a wave of investigations or lawsuits that targets Google’s ads business. This has generated $147 billion in revenue last year. This is more than any other internet company. For abusing its dominant position in the search of advertising market, the Authority has fined Google 150 million euros ($183 million). They say that the operating rules of Google advertising platform were opaque and difficult to understand and were applied in an unfair and random manner.

YOU MAY ALSO LIKE

Start-ups emerge from the wreckage of Big Tech’s purging

U.S. alarmed by China’s hold of outdated chip technology

Google spokeswoman Leslie Pitterson did not comment on the reported settlement but she said that the company’s third-party ad tech products work with both Google’s partner’s and competitor’s products. She said that they continue to take in feedback and make updates to better serve users and the wider ecosystem. If approved by the Competition Authority’s board this deal could be announced in weeks and would be binding only in France.

Most of Google’s sales comes from search and YouTube ads. About $23 billion last year was tied to help publishers sell ads and the connections between Google’s dueling businesses are drawing antitrust scrutiny. This includes calls from critics for a break-up. Google also is fighting lawsuits in the United States from several advertisers, rivals and publishers around similar issue of breaking antitrust law.

Tags: GoogleTechnologyWall Street Journal
ShareTweetShare

Search

No Result
View All Result

Recent News

Data shows that US inflation cooling

Household wealth anticipation has declined, claim by global poll

Support measures push Japanese corporate bankruptcies to 50 year low

How is the bond yield controlled in Japan?

BOJ’s Kuroda signals readiness to extend pandemic-aid scheme

Policy takes the u-turn; BoJ’s yield curve may slip

Asia shares falls on worries over inflation, Fed outlook

Stocks are calm ahead of a possible CPI hurricane

Artificial intelligence to take on the Aviation industry too

Normalcy wished to revert to airlines after FFA blackout

Dollar dented as consumer sentiment dives

Dollar declines on expectations of weaker US rate increases and China’s resumption

Global Business Review Magazine

Global Business Review is a online print magazine focusing on the updates and information about on emerging markets, Finance, Banking, Technology. Global Business Review provides news, features, analysis, commentary, and interviews from industry across the globe.

Recent News

  • Household wealth anticipation has declined, claim by global poll
  • How is the bond yield controlled in Japan?
  • Policy takes the u-turn; BoJ’s yield curve may slip
  • Stocks are calm ahead of a possible CPI hurricane
  • Normalcy wished to revert to airlines after FFA blackout

Categories

  • Banking
  • Business
  • Events
  • Finance
  • FinTech
  • Tech
  • Videos
  • About
  • Nominate
  • Privacy & Policy

© 2022 Global Business Review Magazine - All Rights Reserved.

No Result
View All Result
  • Home
  • Banking
  • Finance
  • Technology
  • FinTech
  • Business
  • Videos
  • Events
  • Awards
  • Magazine

© 2022 Global Business Review Magazine - All Rights Reserved.

Go to mobile version