EU fines Google nearly €3bn for ‘abusing’ dominant position in ad tech

Regulators ordered the tech giant to end ‘self-preferencing practices’ in advertising services but declined to force saleEuropean Union regulators on Friday hit Google with a €2.95bn ($3.5bn) fine for breaching the bloc’s competition rules by favoring its own digital advertising services, marking the fourth such antitrust penalty for the company as well as a retreat from previous threats to break up the tech giant.The European Commission, the 27-nation bloc’s executive branch and top antitrust enforcer, also ordered the US company to end its “self-preferencing practices” and take steps to stop “conflicts of interest” along the advertising technology supply chain. Continue reading...

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