Google Faces Antitrust Scrutiny in Canada: What's Next?
The Canadian Competition Bureau has filed a lawsuit against Google, alleging anti-competitive conduct in online advertising. The watchdog is seeking an order that requires Google to sell two of its advertisement tech tools and a penalty to promote compliance with Canada's competition laws. This move follows a similar investigation in the United States, where the Justice Department has accused Google of monopolizing markets for publisher advertisement servers and advertiser ad networks.
- Forecast for 6 months: In the next 6 months, we can expect Google to face increased scrutiny from regulatory bodies in Canada and the United States. The company may be forced to make concessions, such as selling its advertisement tech tools or restructuring its business practices, to avoid further penalties.
- Forecast for 1 year: Within the next year, we anticipate a significant shift in the online advertising landscape. Google's competitors, such as Amazon and Microsoft, may gain market share as consumers and businesses become increasingly wary of Google's dominance. This could lead to a more competitive market and potentially lower prices for advertisers.
- Forecast
for 5 years: In the next 5 years, we predict that the online advertising
industry will undergo a significant transformation. The rise of
alternative platforms, such as blockchain-based advertising networks,
could challenge Google’s dominance and create new opportunities for
smaller players. Additionally, regulatory bodies may impose stricter
regulations on Google and other tech giants, leading to a more level
playing field.
Read more here: https://soothsayer.press/google-faces-antitrust-scrutiny-in-canada-whats-next/
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