European Union antitrust regulators may order Alphabet Inc’s Google to sell a part of its advertising-technology business, a source with direct knowledge of the matter told Reuters on Monday. | Reuters
The Commission and Google did not immediately respond to Reuters’ requests for comment.
Google is the most dominant digital advertising platform in the world with a 28% market share of global ad revenue, according to research firm Insider Intelligence. First-quarter ad sales at Alphabet slipped from a year earlier to $54.55 billion, but beat what analysts were expecting. The Google parent’s total revenue during the period stood at $69.79 billion.
Google’s dominance in online advertising has been increasingly questioned over the past few years. Complaints from rivals about its allegedly anti-competitive practices have led to antitrust investigations in multiple continents concerning its practices. Earlier this year, the United States launched an ad tech lawsuit against Google demanding the sale of its ad manager suite, and had argued that the search giant illegally abused its dominance of online advertising. Google has denied any wrongdoing.Your subscription could not be saved. Please try again.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tunisia will not be Europe’s border guard, president saysTunisian President Kais Saied said that Tunisia would not accept becoming a border guard for other countries ahead of a planned visit by European leaders concerned at the number of migrants crossing the Mediterranean.
Read more »
TUCP concerned PHL fails in producing quality jobs | Samuel P. MedenillaTHE country is still not producing enough “quality” jobs despite the lifting of restrictions on economic activities, which were imposed during the pandemic, according to the Trade Union Congress of the Philippines (TUCP). The country’s largest labor group is now pushing for the government to come out with “pro-labor policies”…
Read more »
EU probing raided fashion firms’ pricing practices -sourcesEU antitrust regulators who raided Kering’s Gucci and other fashion firms in April are looking into how they set prices of handbags and leather goods for distributors, three people with direct knowledge of the matter told Reuters.
Read more »
Crafting the past into the futureNothing shows a country’s identity more than the cultural traditions it has preserved through the years. ManilaBulletin PhilippinePanorama
Read more »
ICC’s nearing next move on the Philippines: A mix of hope, reality checkThe International Criminal Court may soon make its next move on the Philippine investigation, Rappler has learned, but reaching this stage also means it is the first time for Filipinos to confront the frustrating limitations of international justice.
Read more »
71st Miss World to be held in IndiaMiss World, the oldest international beauty pageant in the world, is set to make its grand return to India—nearly three decades since it was last held in the country in 1996. | via philstarlife
Read more »