Google wins legal challenge against 1.49bn euro fine
Published On Sep 18, 2024, 4:20 AM
Google has successfully contested a €1.49 billion fine imposed by the European Union over claims that it abused its market power by restricting rival online search advertisers from displaying ads between 2006 and 2016. The ruling from Europe's second-highest court annulled the fine, although it upheld many of the EU's findings. This comes amid ongoing scrutiny of Google’s ad practices, with additional legal challenges from the UK and the US concerning anti-competitive behavior.
Stock Forecasts
GOOGL
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Following this legal victory, Google may experience a short-term boost to investor confidence, which could lead to a rise in its stock price as concerns over regulatory pressures diminish.
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