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Divest

All articles tagged with #divest

EU Orders Google to Divest Ad-Tech Assets
business3 years ago

EU Orders Google to Divest Ad-Tech Assets

The EU has ordered Google to divest parts of its advertising business due to accusations of monopolies favoring its own online display advertising technology services. The commission believes that by favoring its ad exchange in ad auctions, Google has abused its power by forcing a monopoly in the advertising business. Google can respond to the EU's allegations and ruling. The immediate impact of the order on advertisers is unclear, but it could hurt advertising performance in the immediate and long term.

US Government Pressures TikTok to Address National Security Concerns.
technology3 years ago

US Government Pressures TikTok to Address National Security Concerns.

The Biden administration has threatened to ban TikTok in the US if the company does not divest from its Chinese parent company, ByteDance. The administration has cited national security concerns as the reason for the potential ban, and has given TikTok until September 15th to comply with the order. TikTok has denied any wrongdoing and has stated that it has taken steps to address security concerns.