Google has become the first company to be designated with “strategic market status” by the UK’s Competition and Markets Authority, exposing its online search and advertising business to closer scrutiny.
Bloomberg reports that the UK’s antitrust watchdog, the Competition and Markets Authority (CMA), has taken a significant step in taking on Google’s dominance in the search and advertising market by designating the tech giant with “strategic market status.” This move comes as part of the UK’s efforts to ensure fair competition in the digital market and marks the first time a company has been given this designation under the country’s new regulatory framework.
The CMA’s decision follows an investigation that raised concerns over Google’s entrenched market power, particularly in the search