Proud For Profits
  • Investing
  • Stock
  • Latest News
  • Economy
  • Investing
  • Stock
  • Latest News
  • Economy
No Result
View All Result
Proud For Profits
No Result
View All Result
Home Stock

Google under investigation by UK antitrust officials over search services

by
January 14, 2025
in Stock
0
Google under investigation by UK antitrust officials over search services

Investing.com — Google, owned by Alphabet (NASDAQ:GOOGL), is under investigation by United Kingdom (TADAWUL:4280) antitrust officials over its search services and the potential impact on competition in the country. This is the inaugural investigation under the newly established digital-markets regime, which may require the tech giant to make concessions.

The Competition and Markets Authority (CMA) announced the investigation, aiming to measure Google’s influence in search and search-advertising services and its potential effect on consumers and businesses. These businesses include advertisers, news publishers, and competing search engines.

The investigation has been initiated less than two weeks after the UK’s new digital-markets competition regime came into effect. Under this new system, antitrust officials can assign a so-called strategic market status to companies involved in a particular digital activity. This status allows officials to impose conduct requirements to ensure fair competition.

The CMA will now examine whether Google holds a strategic market status in the search and search-advertising sectors in the UK. If so, conduct requirements could be imposed. These requirements could include Google making its collected data available to other businesses or giving more control to publishers over the use of their data, including in Google’s artificial intelligence services.

Sarah Cardell, chief executive of the CMA, stated that the CMA’s role is to ensure that people benefit fully from choice and innovation in search services and receive a fair deal, such as in how their data is collected and stored.

She added that for businesses, regardless of whether they are a rival search engine, an advertiser, or a news organization, the CMA aims to ensure a level playing field for all businesses, large and small, to succeed.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

This post appeared first on investing.com
Previous Post

Quantum computing stocks: Future remains uncertain

Next Post

Nomad Foods 2025 earnings forecast falls short of analyst expectations

Next Post
Nomad Foods 2025 earnings forecast falls short of analyst expectations

Nomad Foods 2025 earnings forecast falls short of analyst expectations

Enter Your Information Below To Receive Trading Ideas and Latest News

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Popular News

    ‘Ultra-right’: Trump budget chief pick Russell Vought faces fire from Dem senators

    ‘Ultra-right’: Trump budget chief pick Russell Vought faces fire from Dem senators

    January 23, 2025
    ‘Totally prepared’: Trump allies say he’s better positioned than ever to enact agenda

    ‘Totally prepared’: Trump allies say he’s better positioned than ever to enact agenda

    January 23, 2025
    Cisco Systems’ Stock Keeps Hitting All-Time Highs: Investment Tips to Maximize Your Success

    Cisco Systems’ Stock Keeps Hitting All-Time Highs: Investment Tips to Maximize Your Success

    January 23, 2025
    Track all markets on TradingView

    About Proud For Profits

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Main Categories

    • Investing
    • Stock
    • Latest News
    • Economy

    Latest News

    • ‘Ultra-right’: Trump budget chief pick Russell Vought faces fire from Dem senators
    • ‘Totally prepared’: Trump allies say he’s better positioned than ever to enact agenda
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 proudforprofits.com | All Rights Reserved

    No Result
    View All Result
    • Investing
    • Stock
    • Latest News
    • Economy

    Copyright © 2025 proudforprofits.com | All Rights Reserved