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European Union fine Google with $2.5 billion fine for abusing online ads

European Union fine Google with $2.5 billion fine for abusing online ads
European Union regulators have fined Google €1.49 billion (NZ$2.5 billion) for abusing its dominant role in online advertising. [Photo: The Business Journals]

European Union regulators have fined Google NZ$2.5 billion for abusing its dominant role in online advertising, the third big antitrust penalty they've given the internet giant since 2017.

The latest punishment means the commission has now issued Google with almost US$10b in fines from probes into various parts of the Silicon Valley tech company's business.

In the latest ruling, Google and parent company Alphabet were found to have breached EU rules by imposing restrictive clauses in contracts with websites that used its AdSense advertising business.

This prevented Google rivals from placing their ads on these sites.

[Source: Stuff.co]

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