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Thursday, June 1, 2023

More Bad News for Google amid Fears over Decline in Digital Ad

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Alphabet  (GOOGL) – Get Alphabet Inc. Class A Report does not appear very welcome in Europe. 

Alphabet’s Google unit continues to be combating a $1.6 billion (1.49 billion euro) European Union tremendous imposed by EU antitrust regulators from three years in the past. 

The EU charged Google with hindering on-line search promoting from rivals.

That tremendous is only one of three actions the EU has taken in opposition to the web big, totaling $8.8 billion (8.25 billion euro).

In 2021, the corporate misplaced its court docket combat in opposition to a $2.8 billion (2.42 billion euro) tremendous after EU regulators dominated in 2017 that Google had pushed its personal procuring providers on its platforms. The firm contested the ruling, resulting in a years-long overview course of.

Source: www.thestreet.com

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