U.S. et al v. Google - US federal government sets sights on core search business that turned Google into a $1.7 trillion behemoth

The case centers on whether Google illegally cemented its dominance and squashed competition by paying Apple and other companies to make its internet search engine the default on the iPhone as well as on other devices and platforms.

In legal filings, the Justice Department has argued that Google maintained a monopoly through such agreements, making it harder for consumers to use other search engines. Google has said that its deals with Apple and others were not exclusive and that consumers could alter the default settings on their devices to choose alternative search engines.

Google has amassed 90 percent of the search engine market in the United States and 91 percent globally, according to Similarweb, a data analysis firm.

Source: https://www.nytimes.com/2023/09/06/technology/modern-internet-first-monopoly-trial-us-google-dominance.html?smid=nytcore-ios-share&referringSource=articleShare

submitted by /u/msaleem
[link] [comments] https://www.reddit.com/r/stocks/comments/16bhqbi/us_et_al_v_google_us_federal_government_sets/
Created 1y | Sep 7, 2023, 4:20:23 AM


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