CCTV News:The French Competition Supervision Agency announced on the 7th that it determined that Google had “abusing its dominant position in the online advertising market and harming competition” and imposed a fine of 220 million euros, or approximately 1.716 billion yuan, on Google.
The French Competition Authority said that Google has given its advertising trading platform “Google Advertising Management System” a superior position to maintain and expand its dominant position in the online advertising market and damage market competition, which is “very serious.”
According to the French Competition Authority, publishers of websites and mobile apps sell their respective “advertising spaces” through trading platforms, while Google abuses its dominant market position and harms the interests of other platforms and publishers, including media companies. .
This penalty decision is the result of the handling of complaints filed by News Corp., the French “Le Figaro” and the Belgian Roselle Group-these three media companies complained that Google unfairly competed and ordered them to sell their websites and mobile apps The revenue of the advertising space on the program suffered a loss.
Google has now stated that it has “no objections” to this penalty and has promised to “actively cooperate” with regional regulators to make adjustments. The Agence France-Presse report pointed out that the 220 million euros, or about 267 million U.S. dollars in fines were just “trivial” for Google. Google’s revenue in the first quarter of this year was 55.3 billion U.S. dollars, mainly from online advertising sales.
How many fines have Google been fined by the $11 billion giant in the past six years?
On Monday, the French Antitrust Agency (FCA) announced that it would impose a fine of 220 million euros on Google because it abused its dominant position in the online advertising market. It is worth mentioning that this is not the first time that Google has been subject to an antitrust investigation by France. In December 2019, Google was fined 150 million euros by the French antitrust agency.
And just half a month ago, the Italian Antitrust Agency (ACM) announced that it would impose a fine of 102 million euros on Google for abusing the dominant position of its Android mobile operating system and application store Google Play.
Over the years, Google has been at the center of the antitrust vortex. Since 2016, Google has paid more than 9 billion euros (approximately US$11 billion) in fines.Return to Sohu to see more
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