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Tag: Google

January 25, 2023

U.S. Justice Department Filed Antitrust Suit Against Google For Monopolizing Ad Technology!

The U.S. Justice Department filed a civil antitrust suit against Google for monopolizing multiple digital advertising technology products in violation of the Sherman Act. The complaint alleges that Google monopolizes key digital advertising technologies that website publishers rely on to sell ads and that advertisers rely on to buy ads and reach potential customers. This monopolization lawsuit is an attempt to restore competition.

November 5, 2022

Brace For Tech Winter! Massive Layoffs On The Road To Global Recession!

One of the clearest indicators that an economic downturn, if not a recession, is knocking at the door is when companies start with layoffs. Twitter was this week just the last tech giant that announced and executed a massive layoff, allegedly firing half of its staff. Stripe CEO Patrick Collison announced the layoffs of over 14% of its workforce, amounting to more than 1,000 jobs. Raid-hailing operator Lyft announced the layoff 13% of its workforce, or nearly 700. Brace for the Tech Winter.

September 25, 2022

Interesting! UK Regulator Examines The Role Of Hyperscalers In Digital Markets!

Ofcom, the UK regulator for the broadcasting, telecommunications, and postal industries, announced that it would investigate the Big Techs Amazon, Microsoft, and Google to ensure their dominance in areas such as cloud computing, messaging, and smart devices work properly and healthily competitive in Britain. These “hyperscalers” would control more than four-fifths of the UK’s cloud computing market, about half of which is made up by Amazon.

Economics and Finance

July 28, 2022

Facebook Parent Reports First Ever Revenue Drop!

Facebook parent Meta Platforms posted its first decline in revenue and issued a muted outlook on its digital advertising revenues. The US social media giant continues to lose market shares to its fast-growing Chinese competitor TikTok. The company reported quarterly revenue of $28.8 billion, down almost 1% from a year earlier and slightly below the $28.9 billion analysts expected. It is the first time the social media giant posted a quarterly revenue drop from the previous year.

June 6, 2022

Interesting! Australian Court Orders Google To Pay $515,000 For Defamation!

The online search monopolist Google earns a lot of money with illegal content. FinTelegram readers know that. A court in Australia has now convicted Google of defamation and ordered it to pay the former politician John Barilaro $515,000 over two defamatory YouTube videos. Barilaro, the former New South Wales state deputy premier, had sued Google and comedian Jordan Shanks in the Federal Court over the videos. Justice Steven Rares found Barilaro had been the “subject of a relentless, racist, abusive and defamatory campaign conducted on YouTube.”

Illegal Broker Activities

May 4, 2022

Urgent warning against Weltex broker scam promoted via Google Ads!

Today the broker scam Weltex is hunting for victims with fraudulent marketing campaigns in English, Spanish, and German languages. For this purpose, the scammers and their marketing companies are once again placing Google Ads. We do not understand why Google still accepts such scam ads. Specifically, today we came directly to the payment page of Weltex via the alleged review page TechmarketingKoala and the Bitcoin Revolution campaign. Stay Far Away.

March 18, 2022

It’s about time! Australien consumer watchdog sues Meta over fake Facebook ads!

The Australian consumer watchdoch sues Facebook's parent company, Meta, over targeted fake crypto ads that have scammed Australians out of more than $100 million. The ACCC alleges the company engaged in false, misleading, and deceptive conduct by publishing scam advertisements featuring prominent Australians. The ACCC says that, in one instance, a victim lost $650,000 to a scam. Fake ads on Google and Facebook are the most efficient way for scammers to chase victims.

BaFin
CNMV

January 24, 2022

Spanish watchdog issues warning against Bitcoin Evolution fraud campaign

FinTelegram has focused on fighting fraudulent marketing campaigns in the crypto space in recent weeks that are used to trap victims for illegally operating brokers. Google UK & Ireland has already shut down the promotion of such campaigns by tightening the condition of financial ads. Last week, the German BaFin issued a Cease and Desist Order against Bitcoin Revolution. Today, the Spanish CNMV issued a warning against Bitcoin Evolution. It's going in the right direction, but it's not enough.

January 20, 2022

The Russian Google Game! Fake cleaning company promotes Bitcoin Revolution

Over the past few weeks, we have been investigating the advertising activities of scammers on Google. Specifically, we looked at how fraudulent marketing campaigns around Bitcoin and cryptocurrencies are advertised. Google plays an essential role by either selling ads to scammers or presenting fake review pages on the first page of search results. Many Google ads we analyzed were placed by Russian websites like the Woodhursta. Here is the report.

January 19, 2022

The Russian Google Game! Bitcoin Revolution and BibleTellsUsSo!

Google wants to make a lot of money. We understand that. Who wouldn't? Somehow, the nearly 140,000 employees worldwide have to be paid. With its search ads, Google Search is the company's most important source of income. Around 3.5 billion search queries are made every day, and that's precisely how often Google can present its ads to the searching individuals. Unfortunately, Google also earns a lot of money from ads placed by fake publishers like the Russian BibleTellsUsSo to defraud con

January 18, 2022

Stop Google Campaign! Do not fall for fraudulent Sunny Investments!

FinTelegram asked BaFin a few days ago to take action against Google to prevent Google DE from continuing to accept fraudulent financial ads from scammers. In UK & Ireland, Google has already taken measures to prevent scammers as customers. Google DE, however, continues to serve dozens if not hundreds of fraudulent financial ads to its visitors every day. In our Stop Google Campaign, we will present specific examples for cyberfinancial scam ads on Google, such as Sunny Investments advertising the fraudulent Bitcoin Prime campaign.

January 16, 2022

Please BaFin! You have to order Google to immediately stop publishing scam ads!

Google, like Meta, has been massively criticized for making a lot of money from advertising scammers. The UK FCA issued 1,200 warnings in 2020 about scams made by fake companies on Google and social media platforms. Consequently, in August 2021, Google UK & Ireland re-regulated the advertising of financial offers, allowing only FCA-regulated firms to advertise financial services, including crypto ads. On the other hand, on Google DE, fraud scheme operators can still buy ads without any restrictions.