PARIS – France’s antitrust watchdog slapped a 500 million euro fine on Alphabet’s Google (GOOGL.O) on Tuesday for failing to comply fully with temporary orders the regulator had given in a row with the country’s news publishers.
The United States tech group must come up with proposals within the next two months on how it would compensate news agencies and other publishers for the use of their news. If it does not do that, the company would face additional fines of up to 900,000 euros per day.
Google said it was very disappointed with the decision.
“We have acted in good faith throughout the entire process. The fine ignores our efforts to reach an agreement, and the reality of how news works on our platforms,” a Google spokesperson said.(Reuters)
