Google should break up digital ad business over competition concerns, European regulators say

  • 📰 CTVNews
  • ⏱ Reading Time:
  • 49 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 99%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

European Union regulators hit Google with fresh antitrust charges Wednesday, saying the only way to satisfy competition concerns about its lucrative digital ad business is by selling off parts of the tech giant's main moneymaker.

The unprecedented decision to push for such a breakup marks a significant escalation by Brussels in its crackdown on Silicon Valley digital giants, and follows a similar move by U.S. authorities seeking to bust Google's alleged monopoly on the online ad ecosystem.

Google can now defend itself by making its case before the commission issues its final decision. The company said it disagreed with the finding and "will respond accordingly," adding that the EU's investigation focused on a narrow part of its ad business. Online display ads are banners and text that appear on websites such as newspaper home pages and are personalized based on an internet user's browsing history.

Vestager added that if Google sold off, for example, its real-time marketplace for buying and selling ads or a tool for publishers to manage their ads, "we would put an end to the conflicts of interest." European and U.S. authorities are acknowledging that "the only way to address this egregious conflict of interest is to force Google to divest part of its business," said Max von Thun, director of the Europe office of the Open Markets Institute, a proponent of stronger antitrust enforcement.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

EU regulators order Google to break up digital ad business over competition concernsBRUSSELS (AP) — European Union antitrust regulators took aim at Google’s lucrative digital advertising business in an unprecedented decision ordering the tech…
Source: financialpost - 🏆 7. / 85 Read more »