Google To Get Hit With EU Antitrust Charges For Ad Tech Abuses
Portfolio Pulse from Benzinga Newsdesk
Google is facing EU antitrust charges for alleged ad tech abuses, which could lead to significant fines and changes in its advertising business practices.
June 12, 2023 | 4:49 pm
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NEGATIVE IMPACT
Google's parent company, Alphabet Inc., may face fines and changes in advertising practices due to EU antitrust charges for ad tech abuses.
The EU antitrust charges against Google for ad tech abuses could lead to significant fines and changes in its advertising business practices. This may negatively impact Alphabet Inc.'s (GOOG) revenue and profitability in the short term, as well as potentially damage its reputation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Alphabet Inc. Class A shares may be negatively impacted by Google facing EU antitrust charges for ad tech abuses, leading to potential fines and changes in advertising practices.
The EU antitrust charges against Google for ad tech abuses could lead to significant fines and changes in its advertising business practices. This may negatively impact Alphabet Inc. Class A (GOOGL) shares in the short term, as it could affect the company's revenue, profitability, and reputation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100