BRUSSELS : Alphabet's Google was charged by EU antitrust regulators with anti-competitive practices in its digital advertising business on Wednesday and may have to sell part of this business to address their concerns.The European Commission set out its charges in a statement of objections, two years afte
BRUSSELS : Alphabet's Google was charged by EU antitrust regulators with anti-competitive practices in its digital advertising business on Wednesday and may have to sell part of this business to address their concerns.
"The Commission takes issue with Google favouring its own online display advertising technology services to the detriment of competing providers of advertising technology services, advertisers and online publishers," the EU competition enforcer said in a statement. The EU competition watchdog said a behavioural remedy is unlikely to be effective to stop the anti-competitive practices.
Google is the most dominant digital advertising platform in the world with a 28 per cent market share of global ad revenue, according to research firm Insider Intelligence.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Google launches AI-powered advertiser features in push for automationAlphabet's Google said on Wednesday it is launching two new artificial intelligence-powered features for advertisers that will automatically find the best ad placements for brands across the tech company's services.AI has dominated the tech industry in recent months as Google and other companies have deve
Read more »
EU regulators may demand Google to sell part of ad-tech business - source:European Union antitrust regulators may order Alphabet Inc's Google to sell a part of its advertising-technology business, a source with direct knowledge of the matter told Reuters on Monday.Google's dominance in online advertising has been increasingly questioned over the past few years. Complaints from riv
Read more »
EU regulators may demand Google to sell part of adtech business - sourceEuropean Union antitrust regulators may order Alphabet Inc's Google to sell a portion of its advertising-technology business, a source with direct knowledge of the matter told Reuters on Monday.The move was first reported by the Wall Street Journal earlier in the day.
Read more »
Nato chief: Ukraine making progress in counteroffensiveJens Stoltenberg visited the White House amid questions on whether his term in Brussels will be extended. Read more at straitstimes.com.
Read more »
Taiwan foreign minister meets Czech senate speaker on trip that has angered ChinaSources say Mr Joseph Wu was also expected to visit Brussels, headquarters of the European Union. Read more at straitstimes.com.
Read more »
Europe's city schools, hospitals at risk from extreme heat, EU agency saysBRUSSELS: Nearly half of schools and hospitals in European cities are located in urban 'heat islands', exposing vulnerable populations to health-threatening temperatures as clim
Read more »