"Google hit with €3bn EU fine for ad tech market dominance abuse"

CuriosityNews Reports: EU Fines Google €2.95bn Over Advertising Rules Breach

European Union officials on Friday imposed a €2.95bn ($3.5bn) penalty on Google for violating competition regulations by giving preferential treatment to its own digital advertising services. This marks the fourth such antitrust fine for the company and signals a shift away from earlier warnings of stricter measures.

The European Commission, responsible for enforcing competition rules across the 27-member bloc, also instructed the US firm to stop favoring its own services and address potential conflicts of interest in the advertising technology sector.

Investigators concluded that Google had misused its leading position in the digital ad market.

The company disputed the ruling, announcing plans to appeal.

"This decision includes an unfair penalty and demands modifications that will negatively affect numerous European companies by reducing their revenue opportunities," said Lee-Anne Mulholland, Google’s head of regulatory affairs, in a statement.

The case follows an antitrust complaint filed by the European Commission over two years ago. Initially, officials suggested that selling parts of Google’s advertising business might be necessary to address competition concerns. The latest ruling, however, avoids such a step, arriving amid broader disagreements between the EU and US over trade and technology policies.

Previous statements from EU officials had indicated that fines alone were insufficient, as past penalties and compliance orders failed to prevent Google from continuing similar practices in new forms.

The investigation, launched in June 2021, examined whether Google had broken competition rules by promoting its own online display advertising tools while disadvantaging competitors in publishing, advertising, and related services. These online ads appear as banners or text on websites, tailored to users’ browsing habits.

Mulholland argued, "Helping advertisers and publishers isn’t anticompetitive, and there are now more choices available beyond our services than ever before."