- June 18, 2021
- Posted by: Stratford Team
- Category: Business
A sign is seen at the entrance to the Google retail store in the Chelsea neighborhood of New York City, U.S., June 17, 2021. REUTERS/Shannon Stapleton
BRUSSELS, June 18 (Reuters) – EU antitrust regulators are set to open another front against Alphabet (GOOGL.O) unit Google by launching a formal investigation into its digital advertising practices, said people familiar with the matter, with the move likely to come before the end of the year.
A European Commission probe could pose the biggest threat to Google, which made $147 billion in revenue from online ads last year, more than any other company in the world.
Ads on its own properties, including search, YouTube and Gmail, accounted for the bulk of sales and profits. About 16% of revenue came from its display or network business, in which other media companies use Google technology to sell ads on their website and apps.
The Commission declined to comment. Google did not immediately respond to a request for…
