Connect with us

Hi, what are you looking for?

Economic Rule Investing

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

Economic Rule Investing

Shares of Satellogic Inc. (NASDAQ:SATL) saw a significant increase, rising over 30%, following a series of announcements that indicate the company’s growth in the...

Economic Rule Investing

Investing.com – Following the snap Bundestag elections on February 23rd, Germany could experience new economic momentum. At least, that’s what Morgan Stanley expects in a...

Economic Rule Financial News

The pieces are coming together for the startup basketball league Unrivaled. The 3×3 women’s hoops league announced Tuesday that it has signed a multiyear...

Economic Rule Financial News

China on Monday accused U.S. chipmaker Nvidia of violating its anti-monopoly law, a move likely to escalate already tense trade relations between the two...