Google fined S$2.3 billion by EU in anti-trust case

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BRUSSELS (BLOOMBERG) - Alphabet Inc's Google was fined a bigger-than-expected 1.49 billion euros (S$2.3 billion) by the European Union for thwarting advertising rivals in what is likely EU antitrust chief Margrethe Vestager's third and final attack on the US tech giant.. Read more at straitstimes.com.

BRUSSELS - Alphabet Inc's Google was fined a bigger-than-expected 1.49 billion euros by the European Union for thwarting advertising rivals in what is likely EU antitrust chief Margrethe Vestager's third and final attack on the US tech giant.

That service places text advertising on websites, including retailers, telecommunications operators and newspapers. The advertising revenues that fuel profits for Google and Facebook Inc are increasingly coming under antitrust scrutiny, often prompted by complaints from media companies as advertising spend shifts to the web.

 

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