Google's Monopoly Status Challenged by Court Ruling Over Exclusive Deals

Benzinga
Benzinga
  • 3 weeks ago
US District Judge Amit Mehta ruled that Google holds monopolies in general search services and text advertising markets, citing exclusive deals with browser and device developers. These deals ensured Google's dominance by directing most searches to its search engine result pages, generating substantial revenue. Disrupting these default agreements is considered the most likely remedy by experts, but Google's appeal could delay any changes. Google plans to appeal, arguing its superior search quality.
Transcript
00:00It's Benzinga, and here's what's on the block.
00:02U.S. District Judge Amit Mittal ruled that Google holds monopolies in general search
00:07services and text advertising markets, citing exclusive deals with browser and device developers.
00:13These deals ensured Google's dominance by directing the majority of searches to its
00:17search engine result pages, generating substantial revenue.
00:20Disrupting these default agreements is considered the most likely remedy by experts, but Google's
00:25appeal could delay any changes.
00:28Google plans to appeal, arguing it's superior search quality.
00:30For all things money, visit Benzinga.com.

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