The US government has made its case to prove Google is a monopolist. The Breakdown explains why some of the tech giant’s excuses are tortured.
Billionaire technology investor Peter Thiel declared in 2014 that competition was for rubes. “Monopoly is the condition of every successful business,” he wrote. His case study: Google.
Google’s strategy in dominating search via paid default status on phones is coming under antitrust scrutiny. According to the United States Department of Justice, the answer is that Google has bought its monopoly for $US26 billion a year.against Google last month, but documents have kept trickling out. The most intriguing has been a Google slide showing it spent more than $US26 billion in 2021 to acquire search traffic.
The figure is much higher than previous estimates, which have been only for Google’s deal with Apple to deliver search traffic that the ACCC has previously suggested is worth about $US12 billion a year . It’s a worthwhile expense for Google’s parent company, Alphabet, which made about $US60 billion in income last year off $US230 billion in revenue.
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