Whale Large Capital
  • Politics
  • World News
  • Business
  • Investing
  • Politics
  • World News
  • Business
  • Investing

Whale Large Capital

Business

Google loses antitrust case over search

by admin August 7, 2024
August 7, 2024
Google loses antitrust case over search

A federal U.S. judge ruled Monday that Google has illegally held a monopoly in two market areas: search and text advertising.

The landmark case from the government, filed in 2020, alleged that Google has kept its share of the general search market by creating strong barriers to entry and a feedback loop that sustained its dominance. The court found that Google violated Section 2 of the Sherman Act, which outlaws monopolies.

The ruling marks the first anti-monopoly decision against a tech company in decades.

“Google is a monopolist, and it has acted as one to maintain its monopoly,” Judge Amit Mehta of the U.S. District Court for the District of Columbia wrote in the decision.

Google CEO Sundar Pichai in 2023.Boris Streubel / Getty Images for DFB

The Department of Justice and a bipartisan group of attorneys general from 38 states and territories, led by Colorado and Nebraska, filed similar but separate antitrust suits against Google in 2020. The suits were combined for pretrial purposes, such as discovery of evidence.

Attorney General Merrick Garland called the decision a “historic win for the American people.”

“No company — no matter how large or influential — is above the law,” Garland wrote in a statement. “The Justice Department will continue to vigorously enforce our antitrust laws.”

In its ruling, the court homed in on Google’s exclusive search arrangements on Android and Apple’s iPhone and iPad devices, saying that they helped to cement Google’s anticompetitive behavior and dominance over the search markets.

General search services, according to the court, applies to Google’s core search engine, where it traditionally competed with Yahoo. General search text advertising refers to the text ads that run alongside search results. The court ruled that in both of those areas, Google has operated as a monopoly. However, the ruling found that general search advertising is not a market so there can be no monopoly control.

Kent Walker, Google’s president of global affairs, said in a statement that the company plans to appeal the ruling. He highlighted the court’s emphasis on the quality of Google’s products.

“This decision recognizes that Google offers the best search engine, but concludes that we shouldn’t be allowed to make it easily available,” Walker wrote. “As this process continues, we will remain focused on making products that people find helpful and easy to use.”

Alphabet shares fell more than 4% on Monday, dragged down by a broad decline in stocks worldwide.

This post appeared first on NBC NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
‘They tried to kill people:’ Rotherham residents despair after riot at hotel housing asylum seekers
next post
Sandra Lee shares breaking point in split from Andrew Cuomo: ‘Every window and door closed’

You may also like

Vince McMahon settles with SEC over hush money...

January 11, 2025

Nvidia CEO Huang sells $15 million worth of...

June 25, 2025

Elon Musk’s Neuralink raises $650 million in fresh...

June 3, 2025

Ulta and Target will end deal for in-store...

August 15, 2025

Universal’s new Epic Universe park set to generate...

April 16, 2025

Restaurant chain Hooters files for bankruptcy protection to enable founder-led...

April 1, 2025

Macy’s CEO says retailer will hike some prices...

May 28, 2025

Boeing says it’s progressing on safety reforms and...

April 3, 2025

USDA documented insects and slime at Boar’s Head...

January 15, 2025

U.S. Steel CEO appeals to Trump after Biden...

January 8, 2025

    Subscribe today to receive exclusive access to all our retirement secrets and income strategies, including special financial news and updates from our experts. From time to time, our newsletters feature valuable insights and analysis on the latest financial trends. Don't miss out on these exclusive updates – join our subscription to stay informed!


    By opting in you agree to receive emails from us. Your information is secure and your privacy is protected.



    Latest

    • Trump says he plans to order federal ban on Anthropic AI after company refuses Pentagon demands

      February 28, 2026
    • UN Human Rights Council chief cuts off speaker criticizing US-sanctioned official

      February 28, 2026
    • DHS funding stalemate thaws as White House sends Democrats ‘serious’ counteroffer

      February 28, 2026
    • What Trump’s ‘ratepayer protection pledge’ means for you

      February 28, 2026
    • FBI fires a dozen after Biden-era subpoenas of Patel, Wiles come to light

      February 27, 2026
    • Bill Clinton says he didn’t know woman in infamous jacuzzi photo during closed-door Epstein testimony

      February 27, 2026

    Categories

    • Business (853)
    • Investing (661)
    • Politics (7,704)
    • World News (3,213)

    Disclaimer: WhaleLargeCapital.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2026 whalelargecapital.com | All Rights Reserved