An investigation by the Competition and Markets Authority, or CMA, of the United Kingdom has provisionally found that Google is using anti-competitive practices in open-display ad tech, which it believes “could be harming thousands of UK publishers and advertisers.” The CMA stated: “As set out in a statement of objections issued to Google today (Friday 6 September), the CMA has provisionally found that, when placing digital ads on websites, the vast majority of publishers and advertisers use Google’s ad tech services in order to bid for and sell advertising space. The CMA is concerned that Google is actively using its dominance in this sector to preference its own services. Google disadvantages competitors and prevents them competing on a level playing field to provide publishers and advertisers with a better, more competitive service that supports growth in their business.”
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 GOOGL:
- Cantor Fitzgerald Internet analyst to hold an analyst/industry conference call
- Wedbush sees headline risk associated with DOJ trial, limited risk to Google biz
- Is Facebook Parent Meta a Buy Near the Stock’s All-Time High?
- The New Venture by OpenAI’s Former Co-Founder Has Already Raised One Billion Dollars
- Qualcomm working on MR glasses with Samsung, Google, CNBC reports