EU Says Google Should Break Up Digital Ad Business

[BigKat]

European Union regulators hit Google with fresh antitrust charges Wednesday, saying the only way to satisfy competition concerns about its lucrative digital ad business is by selling off parts of the tech giant's main moneymaker.

The unprecedented decision to push for such a breakup marks a significant escalation by Brussels in its crackdown on Silicon Valley digital giants, and follows a similar move by U.S. authorities seeking to bust Google's alleged monopoly on the online ad ecosystem.

Source: [finance.yahoo.com...]

[superclown2]

It appears that Google was warned a couple years ago to mend it's ways but they dragged their feet. Europe has run out of patience.

https://www.reuters.com/technology/eu-antitrust-regulators-charge-google-anti-competitive-adtech-practices-2023-06-14/

[edited by: not2easy at 6:03 pm (utc) on Jun 14, 2023]
[edit reason] Splice cleanup [/edit]

[haramamba]

European Commission charges Google with antitrust violations, says it must break up digital ad business. Jun 14, 2023
[pbs.org ]

[edited by: not2easy at 6:08 pm (utc) on Jun 14, 2023]
[edit reason] splice cleanup [/edit]

[mosxu]

In the mean time we will be under zombie attack!