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Turkey Fines Google For Abusing Market Power

Turkey Fines Google For Abusing Market Power

Turkey Fines Google For Abusing Market Power

The Turkish Competition Board has slammed Google with a $26 million fine for abusing its market dominance. 

The regulator found the Silicon Valley tech giant violating the terms of fair competition with its undue access to advertising data, which it uses to abuse its “dominant power in the market.” 

This is not the first fine that has been levied against Google by Turkey. The company was fined $12.8 million by the Turkish regulator in February this year for abusing its market position and its aggressive competition tactics, Reuters reported. 

Turkey’s move to fine Google comes on the heels of a similar charge by the European Commission on Amazon. The EU regulator has accused Amazon of destroying retail competition and using its power to gain an unfair advantage over small retailers that choose to sell on its platform.

Amazon has denied the allegations and has downplayed its role in the global retail landscape.

“Amazon represents less than 1% of the global retail market, and there are larger retailers in every country in which we operate,” the company said.

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