Reported 1 day ago
Mexico's antitrust authority, Cofeco, has concluded its multi-year investigation against Alphabet Inc. (GOOG), which alleged that Google coerced advertisers into using its services, potentially giving it an unfair edge in digital advertising. The resolution spares Google from facing a hefty fine, estimated at 8% of its Mexican revenue, which surpassed $20 billion in 2024. Google welcomed the decision, asserting that their products empower advertisers with freedom and control.
Source: YAHOO