Alphabet Inc. Class A (GOOGL)

Index:

Nasdaq 100

$ 144.70
   
  • Change Today:
    $-2.05
  • 52 Week High: $203.09
  • 52 Week Low: $143.03
  • Currency: US Dollars
  • Shares Issued: 12,211m
  • Volume: 185,940
  • Market Cap: $1,766,932m
  • RiskGrade: 150

Google to appeal $75m Turkish fine for breach of competition law

By Frank Prenesti

Date: Friday 13 Dec 2024

LONDON (ShareCast) - (Sharecast News) - Alphabet's Google said it would be appealing against a 2.61 billion lira ($75m) fine by Turkey's competition authority over for taking advantage of its dominant position in the ad server services market, the regulator said on Friday.
The investigation examined allegations that Google introduced restrictions to ensure the exclusive use of its own demand and supply-side platforms which hampered the operations of third-party providers.

Google must ensure within six months that competitors are not disadvantaged and provide third-party supply-side providers similar conditions that are applied to its own services, the regulator added.

"In case they fail to implement the obligations specified ... daily administrative fines should be imposed," it said in a statement.

In response, Google said its advertising tools "help websites and apps fund their content and help businesses of all sizes effectively reach their customers".

"We remain committed to supporting Turkish businesses, publishers and users in this highly competitive sector. This decision does not take into account the intense competition where ad buyers and sellers have plenty of choice and we intend to appeal," a Google spokesperson told Sharecast in a statement.

Reporting by Frank Prenesti for Sharecast.com

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

GOOGL Market Data

Currency US Dollars
Share Price $ 144.70
Change Today $ -2.05
% Change -1.40 %
52 Week High $203.09
52 Week Low $143.03
Volume 185,940
Shares Issued 12,211m
Market Cap $1,766,932m
RiskGrade 150

What The Brokers Say

Strong Buy 17
Buy 26
Neutral 13
Sell 0
Strong Sell 0
Total 56
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Trades for 08-Apr-2025

Time Volume / Share Price
16:00 4,230,365 @ $144.70
16:00 900 @ $144.65
15:59 100 @ $144.68
15:59 169 @ $144.70
15:59 143 @ $144.70

Top of Page