Google fined $1.7bn for search ad blocks in third EU sanction | IOL Business Report

INTERNATIONAL – Google was fined €1.49 billion on Wednesday for blocking rival online search advertisers, the third large EU antitrust penalty for the Alphabet business in only two years.

“Google has cemented its dominance in online search adverts and shielded itself from competitive pressure by imposing anti-competitive contractual restrictions on third-party websites,” European Competition Commissioner Margrethe Vestager said. The AdSense advertising case was triggered by a complaint from Microsoft in 2010. Both companies subsequently dropped complaints against each other in 2016.

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Business Maverick: Jumia’s billion-dollar NYSE listing comes amid both good and worrying signsLater in 2019, the New York Stock Exchange will see the first listing of an African technology company to be valued at more than $1-billion, a real, actual dinkum unicorn. The company, Jumia, is Nigeria-based and is known as the African Amazon since it is primarily an e-commerce business. But is it a good investment?
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