European regulators have asked Google (GOOGL) for more information about its now-scrapped secret advertising partnership with Instagram-parent Meta (META) that ignored the search company’s rules on how minors should be treated online, The Financial Times’ Stephen Morris and Javier Espinoza report. According to people familiar with the matter, commission regulators in October ordered lawyers for Alphabet (GOOG) to review and collate data, presentations, internal chats and emails related to the ad campaigns, and officials are currently deciding whether to act.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GOOG:
- Google announces latest quantum chip Willow, reducing errors exponentially
- Google (GOOGL) Just Introduced a Quantum Chip that Outperforms Supercomputers
- ByteDance, TikTok ask appeals court to halt U.S. ban law, Reuters says
- Bluesky Is Revolutionizing Social Media
- Global ad revenue expected to surpass $1T in 2024, WSJ reports