Stock

Turkey fines Google $75 million for violating competition law

ISTANBUL (Reuters) – Turkey’s competition authority has fined Alphabet (NASDAQ:GOOGL) Inc’s Google 2.61 billion lira ($75 million), for taking advantage of its dominant position in ad server services market, the regulator said in a statement on Friday.

The antitrust body said Google has favored its own supply-side platform (SSP) service over rivals and that move made its competitors’ operations difficult.

Google must ensure within six months that competitors are not disadvantaged and provide third-party SSPs similar conditions that are applied to its own services, the regulator added.

($1 = 34.9456 liras)

This post appeared first on investing.com

You May Also Like

Editor's Pick

Former president Donald Trump and his allies have filed hundreds of lawsuits, with more to come, seeking to tighten voting rules or disqualify voters....

Economy

LONDON (Reuters) – Bank of England interest rate-setter Megan Greene said she still believed the central bank should take a cautious approach to cutting...

Editor's Pick

Sister Stephanie Schmidt had a hunch about what her fellow nuns would discuss over dinner at their Erie, Pennsylvania, monastery on Wednesday night. The...

Latest News

Warner Bros. Discovery said Thursday its streaming platform Max added 7.2 million global subscribers in the third quarter. It marked the biggest quarterly growth for...

Disclaimer: beneficialinvestmentnow.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2024 beneficialinvestmentnow.com

Exit mobile version