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Market
Percentage growth in Google's ad revenue in 2024?
3
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Google's annual financial reports and earnings releases
Story
Google Settles Adtech Case, Avoids Jury Trial with $2.3M Payment, Google Shopping Generates $500M Annually
Sep 15, 2024, 01:30 AM
Google has managed to avoid a jury trial in its significant adtech case by paying a settlement of $2,289,751. This case is part of a broader pattern of financial penalties the company has faced over the years. Google's ad revenue practices have been scrutinized, with estimates suggesting the company makes billions annually from its AdX platform. Additionally, Google has previously faced fines related to its Google Shopping service, which reportedly generates around $500 million per year. Kent Walker, a senior executive, had previously decided to appeal fines for as long as possible, resulting in at least $3.5 billion in avoided payments over seven years.
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