BREAKING Google fined $1.7 billion over a third breach of EU antitrust rules in as many years
Google was fined $1.7 billion by the EU for its third breach of EU antitrust rules in as many years.
European Competition Commissioner Margrethe Vestager said the latest fine is for"illegal practices in search advertising brokering to cement its dominant market position." Google's EU fines since 2017 now total $9.4 billion. The company is yet to respond to a request for comment.The Alphabet-owned company was fined €1.49 billion on Wednesday by European Competition Commissioner Margrethe Vestager over anticompetitive practices related to its AdSense advertising service.. She said Google was being punished for"illegal practices in search advertising brokering to cement its dominant market position.
Specifically, Vestager's team concluded that Google included"restrictive clauses in contracts" with third-party websites preventing rival search engines from placing adverts on these websites,
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Google Inbox Joins Google Plus, Allo In The Cold, Dark Tomb Of Google AppsAlong with its Google Plus app, Google is shutting down Google Inbox on the same day, joining Allo and tons of other apps in the Google App Graveyard
Read more »
The $1 Million HOA Blowup: It Started With the Misplaced Flower PotsA resident in a Kansas neighborhood, who says his freedom is being infringed, battles a homeowner association that says it is holding chaos at bay.
Read more »
Warren Buffett offers $1 million for life for perfect Sweet 16 bracket (to employees only)Warren Buffett said that any employee of his company, Berkshire Hathaway, to accurately predict the Sweet 16 will win $1 million a year for life.
Read more »
Lyft IPO could be '$1 billion or more' windfall for California's coffers: ex-state treasurerCalifornia could reap a bonanza of '$1 billion or more' in new taxes from the upcoming stock offering of ride-hailing service Lyft, according to former California State Treasurer John Chiang.
Read more »
Glossier started as a beauty blog and is now valued at $1 billionGlossier is now a unicorn. The New York-based beauty brand is valued at $1.2 billion following its latest funding round, a source says
Read more »
Makeup brand Glossier valued at over $1 billion in latest funding roundGlossier Inc, the online cosmetics company with a cult following among millennia...
Read more »
Uber is doubling down on autonomous vehicle techUber is close to accepting a $1 billion investment for its autonomous vehicle (AV) project from Japanese telecom Softbank and Toyota.
Read more »
FEC fines Ted Cruz's Senate campaign for failing to properly disclose $1 million in loansTexas Sen. Ted Cruz's campaign is paying a $35,000 fine to the Federal Election Commission for failing to accurately report more than $1 million in loans that helped underwrite his first Senate bid.
Read more »
2020 Democrats build campaign war chests, $1 at a timeThe 2020 presidential election is still 20 months away, but one campaign battle is already raging: the fight for America's small-dollar contributions. With all 12 major Democratic White House candidates shunning donations from corporations and political action committees, or PACs, they have turned
Read more »
2019 March Madness Bracket Contest Prize: $1 Million A Year For Life From Warren BuffettFamed investor Warren Buffett is offering his nearly 400,000 employees at Berkshire Hathaway companies a chance to win $1 million a year for life. The catch: You need to pick the correct Sweet 16 in the men’s NCAA basketball tournament.
Read more »