France’s competition regulator on Monday fined Google €220 million ($ 267 million) after finding it had abused its dominant market position for placing online ads, the latest move by European authorities to take tougher stances against US tech giants.
The penalty is part of a settlement reached after three media groups accused Google of effectively having a monopoly over online ad sales.
The Autorite de la Concurrence determined that Google gave preferential treatment to its own ad auction service AdX and Doubleclick Ad Exchange platform, a real-time auction platform. — AFP
