France: Google to fork over $270 million bribe to bureaucrats

Source: CNN

“Google will pay a €220 million ($270 million) fine and make changes to its huge online advertising business as part of an antitrust settlement with French regulators. The penalty comes as the tech giant faces multiple US suits over anti-competitive behavior and could lead to similar agreements with officials elsewhere. Facebook (FB), the other dominant player in digital advertising, is being investigated separately by EU regulators over claims that its use of data gives it an unfair advantage in the business. In a statement on Monday, France’s competition authority said it had fined Google (GOOGL) ‘for abusing its dominant position’ in the market for online advertising to the detriment of rival platforms and publishers.” (06/07/21)