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00:00A landmark ruling that could change the landscape of big tech permanently.
00:06Monday brought a verdict in U.S. et al. v. Google, the presiding judge issuing a clear
00:12rebuke to the tech giant.
00:14After having carefully considered and weighed the witness testimony and evidence, the court
00:19reaches the following conclusion.
00:21Google is a monopolist and it has acted as one to maintain its monopoly.
00:27The ruling follows a 10-week trial last year to determine whether or not Google broke the
00:32law by paying companies like Apple, Samsung, and Mozilla to make Google Search the default
00:38engine on their hardware and web browsers.
00:41According to the ruling, Google paid out $26 billion for that default privilege in 2021
00:48alone.
00:49The result?
00:50Google Search accounts for more than 89% of overall web search and nearly 95% on mobile
00:57devices.
00:58That dominance has allowed Google to boost paid ads, juicing its bottom line via unprecedented
01:03synergy with its targeted ad algorithms.
01:06That business brought in some $240 billion in revenues last year.
01:13The company insists its success is due to the overwhelming superiority of its product,
01:18a user experience that has turned the very name Google into a verb synonymous with online
01:24search.
01:25Google has already faced a number of antitrust lawsuits and penalties, both in the U.S. and
01:31Europe.
01:32The latest ruling means a new trial will be held to determine remedies, which could include
01:37injunctions against default search deals or even a potential breakup of the company.