- Alphabet Inc’s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google is on the verge of an antitrust investigation settlement in France for alleged online advertising abuse, the Wall Street Journal reports.
- Google is likely to pay a fine and make operational changes.
- The French Competition Authority alleged Google’s online ad auction system offers an edge to the company versus peers, Reuters reports.
- Google’s ads business reported a revenue of $147 billion in 2020.
- The Authority penalized Google by 150 million euros ($183 million) in December 2019 for alleged search advertising market abuse and other forms of self-preferencing. Google Ads advertising platform reported revenue of $23 billion in 2020 by helping publishers sell ads and the connections, triggering demands for an antitrust probe.
- Google remains embroiled in multiple similar antitrust lawsuits, including the Justice Department and German Federal Cartel.
- Price action: GOOG shares are trading higher by 0.69% at $2,419.15 on the last check Friday.
New Inverse Leveraged Cannabis ETF Launches: MJIN By ETFMG
The new ETFMG 2x Daily Inverse Alternative Harvest ETF (NYSE: MJIN) from thematic ETF issuer ETF Managers Group LLC (ETFMG) started trading on the New York Stock Exchange on Wednesday.
