Google in Mexico faces major potential fine as antitrust ruling nears

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Mexico’s antitrust watchdog is set to rule by next week on whether Google built an illegal monopoly in digital advertising in the country, a decision that could fine the tech giant 8% of its annual Mexican revenue, public documents show.

Although Google does not release detailed revenue results by country, the potential fine could be among the largest ever imposed by Mexico’s Federal Economic Competition Commission (Cofece). Cofece and Google declined to comment.

The watchdog expects to make a decision by June 17, according to its own published…



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Google in Mexico faces major potential fine as antitrust ruling nears


Mexico’s antitrust watchdog is set to rule by next week on whether Google built an illegal monopoly in digital advertising in the country, a decision that could fine the tech giant 8% of its annual Mexican revenue, public documents show.

Although Google does not release detailed revenue results by country, the potential fine could be among the largest ever imposed by Mexico’s Federal Economic Competition Commission (Cofece). Cofece and Google declined to comment.

The watchdog expects to make a decision by June 17, according to its own published…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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