Can Facebook Win with Regulators That Cost Google Almost $10 Billion?...READ MORE
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 | | Can Facebook Win with Regulators That Cost Google Almost $10 Billion? | | The European Union's antitrust commissioner recently announced that Alphabet, the parent corporation of Google, has been found in violation of European Union antitrust laws because of the way the company restricts advertising in its Adsense business unit.
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The fine, €1.5 billion, or about $1.7 billion, is in addition to fines levied against the company for its Android phone OS app selection and its shopping service. Those fines amounted to €4.34 billion and €2.4 billion, respectively. All told, about $9 billion.
Google also is required to stop the practice, and the EU has said that companies that were harmed by Google's actions are able to seek compensation in international courts. Google changed its business practices following the previous antitrust findings in the EU, first by changing how ads for its shopping service appeared and then by putting its own apps on an equal footing in Android devices.
Google's not the only company facing scrutiny in Europe. We look at threats to Facebook in our latest article.
As we explain in the article, it's likely that Facebook will also face fines. The fines could total billions of dollars. We look at how shares of Alphabet responded to the news.
There is even the possibility, or according to some analysts the likelihood, of additional regulation that will attempt to limit the scope of large tech companies.
This will all affect investors and we have much more on this in our latest free educational article which is available right here.
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