A US judge found Alphabet, Google's parent company, violated US antitrust laws to maintain its search monopoly.

A US judge has found that Alphabet, Google's parent company, violated US antitrust laws to maintain its search monopoly. The judge confirmed Google's monopoly in internet search, maintained through exclusive deals with Apple and others to be the default search engine on iPhones and Android devices. However, Google's stocks saw only minor declines during trading, and investors appear optimistic about the tech giant's future, with the ruling stating that Google does not hold a monopoly in search advertising and citing competition from rivals like Amazon. The judge has yet to determine the "remedies" for the antitrust breach, leaving the market to speculate. One potential remedy could be offering consumers a choice of default search engines when setting up new phones, a practice Google has implemented in Europe without losing market share.

August 05, 2024
45 Articles

Further Reading