Alphabet’s [NASDAQ: GOOGL] Google Hammered with $593M Fine by French Regulator

Alphabet Inc’s. [NASDAQ: GOOGL] Google has slapped with a 500 million euros ($593 million) fine in France after the search giant unable to follow an order to hit a fair deal with publishers to use their news content on its platform. The Alphabet Inc. unit disregarded a 2020 decision to negotiate in good faith for showing snippets of articles on its Google News service. The fine is the second-biggest antitrust disadvantage in France for a single firm.

Furthermore, the firm is experiencing a global ambush as regulators across the world increased inspection of the world’s largest tech firms, looking at its advertising business, apps, and search. In Russia Google is looking for an out-of-court settlement after a court ruling it must clear the YouTube account of a TV channel held by a U.S.-sanctioned backer of President Vladimir Putin.

Additionally, the authorization of 500 million euros considers the incomparable momentousness of the violations detected.  Google is not happy with the decision and contemplates that it “acted in good faith throughout the entire process.” Google stated that it’s about to ink an agreement with Agence France-Presse that comprised a global licensing agreement.

Silicon Valley firms have been experiencing close French inspection in recent years. The search engine confirmed last month to pay a 220-million-euro punishment to resolve an investigation that reached the heart of its power over online advertising, and it got a 150 million-euro fine in 2019 in a case concentrating on its Google Ads platform.