Google Hit With $14.85M Fine By Turkish Authority Over Local Search Compliance
Portfolio Pulse from Rounak Jain
Google has been fined $14.85 million by the Turkish Competition Board for non-compliance with local competition regulations related to hotel searches. This adds to a series of antitrust fines and investigations Google has faced globally, particularly in the EU.
June 10, 2024 | 1:29 pm
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NEGATIVE IMPACT
Google has been fined $14.85 million by the Turkish Competition Board for non-compliance with local competition regulations related to hotel searches.
The fine adds to Google's ongoing legal and regulatory challenges, which could negatively impact investor sentiment and short-term stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Google has been fined $14.85 million by the Turkish Competition Board for non-compliance with local competition regulations related to hotel searches.
The fine adds to Google's ongoing legal and regulatory challenges, which could negatively impact investor sentiment and short-term stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100