LONDON – Google was hit by its third anti-trust fine from EU regulators Wednesday. EU competition commissioner, Margrethe Vestager, said the company had stifled competition in the online advertising market and had to pay €1.49 billion ($1.69 billion), CNBC reported. Google’s rivals had claimed that the company placed Adsense ads on websites on the proviso that other advertising systems were not present not the same page.
Google’s Adsense pushes ads triggered by search engines embedded websites. Rival firms to Google had claimed the product was placed on websites with the understanding that no other systems could be on the same page. The Alphabet company has previously defended its use of the technology, claiming it has been in place since 2006, is now superseded, and is a minor product. In the fourth quarter of 2018, Google’s core advertising business saw revenue increase 20 percent from the previous quarter to $32.6 billion — the same rate of growth as the last quarter.
Check It Out: Google Hit With $1.69 billion EU Anti-Trust Fine Over Adsense Restrictions