
CNBC
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EU, UK Launches Antitrust Investigations On Google, Meta
- EU and U.K. antitrust regulators launched parallel investigations into Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) unit Google and Facebook parent Meta Platforms Inc (NASDAQ: FB) over a 2018 ad deal, CNBC reports.
- Meta’s non-exclusive bidding agreement with Google and the similar contracts with other bidding platforms have helped increase competition for ad placements, Meta admitted.