Posted 2/28/2024, 6:16:16 PM
Google Faces $2.3 Billion Antitrust Lawsuit from European Media Groups Over Ad Tech Practices
- Google hit with $2.3 billion lawsuit by 32 European media groups including Axel Springer, alleging losses due to Google's digital advertising practices
- Lawsuit comes as regulators crack down on Google's ad tech business over antitrust concerns
- Media groups claim they incurred losses due to less competitive ad market resulting from Google's misconduct
- Group cites French competition authority's $220 million fine against Google over ad tech in 2021
- Lawsuit filed in Dutch court over its reputation for antitrust damages claims in Europe