Google's record swells: pays 8.2 billion euros in fines

Google's record swells: pays 8.2 billion euros in fines

One of the world's most earning companies in internet advertising, Google has paid a fine of 8.21 billion euros in the last 3 years as a result of sanctions imposed by the European Union.

according to information compiled pus, global statistics portal Statista Considering the data Google offers a collection of the 32.3 percent of the worldwide digital marketplace in hand. 

Google's record swells: pays 8.2 billion euros in fines

According to the financial statements shared by the company, it generated revenues of $ 136.2 billion last year, while 85.3 percent of it was through advertising. The company announced $ 97.2 billion in advertising revenue for the first 9 months of this year.

Trouble with violations of competition

Recently, Google has come to the fore with the penalties it has paid for violating the rules of competition as well as the income it provides, and has faced fines expressed in billions of euros, particularly due to sanctions imposed by the European Union (EU).

In 2016, Google was accused by the EU of dominating the market with the Android operating system and violating competition rules. The EU fell to the company in 2017 for EUR 2.42 billion on the grounds that it violated the rules of competition in internet shopping, 4.3 billion euros on the grounds that it abused market dominance in the Android operating system in 2018, and this year the service related to internet advertising violated AdSense's competition rules. On the grounds, a total of 8.21 billion euros, including 1.49 billion euros, was fined. 

 Punished in Turkey

While the activities of the company are also examined by the Competition Board, Google Reklamcılık ve Pazarlama Ltd. Ltd. Şti launched an investigation on the economic integrity of Google International LLC, Google LLC, Google Ireland Limited and Alphabet Inc. on February 9, 2017. 

The Board decided to impose an administrative fine of 93 million Turkish lira in the investigation of the economic integrity of "the behavior of the mobile operating system and the provision of mobile applications and services and the contracts they signed with the device manufacturers."

Google, in a statement after the decision, " Competition Authority stated that the continuation of work in this context, Turkey quickly, the importance of the work in accordance with the law," he pointed out.

The statement, "Business partners will be contacted to inform them of the new line in Turkey, we're going to have to stop approving models of Android devices." expressions were used.

Google's verbal defense on February 5, 2020 

The Competition Authority also underlined that "Google must fulfill its responsibilities, as in the penalties imposed by international competition agencies before".

Meanwhile, Google Advertising and Marketing Ltd. Co., Google International LLC, Google LLC, Google Ireland Limited and Alphabet Inc. The verbal defense meeting of the investigation conducted about 5 February 2020 will be held.

Complainants and third parties who wish to attend the meeting are required to apply to the Competition Authority by the end of the working hours of 27 January 2020. 

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