Google fined €2.95bn by EU for abusing advertising dominance

[Sanjeev]

Google has been fined €2.95bn (£2.5bn) by the EU for allegedly abusing its power in the ad tech sector - the technology which determines which adverts should be placed online and where.

The European Commission said on Friday the tech giant had breached competition laws by favouring its own products for displaying online ads, to the detriment of rivals.

 

[gwolf666]

This shows that even tech giants are not above the law. Abusing power in the digital advertising industry affects both competing companies and consumers. Fines of this type are necessary to maintain a fair and balanced market. It is a reminder that fair competition remains essential in the digital economy.

 

[Starmix]

That was a huge penalty; however, that might not stop Google from selling its business to Artificial Intelligence. Soon Chrome will be replaced by AI.