German Competition Watchdog Initiates Inquiry in Google's News Showcase Platform: Reuters

German Competition Watchdog Initiates Inquiry in Google's News Showcase Platform: Reuters
  • Germany’s competition authority had initiated an investigation against Alphabet Inc GOOGL GOOG Google’s News Showcase platform to ensure no discrimination between individual publishers and prevent the flocking of competing offerings from publishers or other news providers, Reuters reports.
  • In February, Google launched the News Showcase platform for offering news paid by it to bypass an Australian law that charged Google and Facebook, Inc FB for content.
  • Price action: GOOG shares closed lower by 0.69% at $2,404.61 on Thursday.

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