Google fined €220m in France over advertising abuse Technology giant Google has been fined €220m (£189m) by French authorities for abusing its advertising power. France's competition watchdog said Google has been promoting its own online advertising services to the detriment of rivals. It found that Google's ad management platform for large publishers, Google Ad Manager, favoured the company's own online ad marketplace, Google AdX. Google said it would make changes to its advertising business. The US tech giant has agreed to make it easier for publishers to use its data and tools.
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Meta stock falls as investors are disappointed by the AI spending forecast.
Following the announcement of the company's first-quarter results report, Meta's stock price plummeted. Forecasts of lower-than-expected revenue and increased expenses caused investors to react unfavorably. Meta's market capitalization lost around $200 billion due to the decline in stock prices, and its market value has dropped to about $1 trillion as a result.
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