Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Google faces third EU antitrust fine next week: source

Published 03/15/2019, 09:42 AM
Updated 03/15/2019, 09:45 AM
© Reuters. FILE PHOTO: An illuminated Google logo is seen inside an office building in Zurich

By Foo Yun Chee

BRUSSELS (Reuters) - Alphabet (NASDAQ:GOOGL) unit Google is likely to be hit with a third EU antitrust fine next week related to its AdSense advertising service, a person familiar with the matter said on Friday, with the sanction expected to be much smaller than previous fines.

The European Commission in 2016 opened a third case against the world's most popular internet search engine by accusing Google of preventing third parties using its AdSense product from displaying search advertisements from Google's competitors.

It said that Google, which at that time had held 80 percent of the European market for search advertising intermediation over the previous ten years, had kept its anti-competitive practices for a decade.

In response, Google changed the conditions in its AdSense contracts with large third parties, giving them more leeway to display competing search ads.

European Competition Commissioner Margrethe Vestager earlier this month told reporters that she was finalizing the case.

The Commission on Friday declined to comment on the timing of the AdSense decision. Google did not immediately respond to a request for comment.

The Financial Times earlier reported on next week's European Union antitrust fine.

Last year, Vestager slapped a record 4.34 billion euro ($4.91 billion) fine on Google for using its popular Android mobile operating system to block rivals.

That following a 2.4 billion euro fine imposed on the company in 2017 for blocking rivals of shopping comparison websites.

The AdSense case may not be end of Google's EU antitrust woes.

EU antitrust enforcers have asked Google's rivals if it unfairly demotes local search competitors, according to a questionnaire seen by Reuters, a move which could lead to a fourth case.

Online mapping services and others could also soon be in the spotlight.

© Reuters. FILE PHOTO: An illuminated Google logo is seen inside an office building in Zurich

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.