Google agreed to pay 220 million euros ($268 million) to settle a French antitrust probe over its abuse of power in online advertising. In addition to the fine, Google promised to remedy the situation by improving the interoperability of its Google Ad Manager services for third parties. With separate cases into Google, Apple Inc. and Facebook Inc., French antitrust regulators are starting to rein in anti-competitive behavior in online advertising. While Google’s case ended with a fine, Facebook last week tried to avoid that by making commitments to placate regulators. It’s not the first time Google has attracted French antitrust scrutiny over online advertising after a 150 million-euro fine in 2019.

Source: Mint June 07, 2021 08:48 UTC