Google Nears French Antitrust Settlement - Alphabet (NASDAQ:GOOGL)

Alphabet Inc's GOOG GOOGL Google is on the verge of an antitrust investigation settlement in France for alleged online advertising abuse, the Wall Street Journal reports.
Google is likely to pay a fine and make operational changes.
The French Competition Authority alleged Google's online ad auction system offers an edge to the company versus peers, Reuters reports.
Google's ads business reported a revenue of $147 billion in 2020.
The Authority penalized Google by 150 million euros ($183 million) in December 2019 for alleged search advertising market abuse and other forms of self-preferencing. Google Ads advertising platform reported revenue of $23 billion in 2020 by helping publishers sell ads and the connections, triggering demands for an antitrust probe.
Google remains embroiled in multiple similar antitrust lawsuits, including the Justice Department and German Federal Cartel.
Price action: GOOG shares are trading higher by 0.69% at $2,419.15 on the last check Friday.