Google 'overwhelmingly' dominates search market, House committee finds 26/2/21, 7 23 pm
TECH Google ‘overwhelmingly’ dominates search MARKETS BUSINESS INVESTING TECH POLITICS CNBC TV WATCHLIST PRO market, antitrust committee states PUBLISHED TUE, OCT 6 2020•8:11 PM EDT
Jennifer Elias @JENN_ELIAS
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KEY Google was a key focus of the Big Tech antitrust POINTSinvestigation findings released Tuesday by the U.S. House Judiciary subcommittee.
The subcommittee claimed the company knowingly and unfairly gave preference to its own services while demoting third parties — often at the command of company executives.
The company holds market dominance in search and advertising the report states.
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Sundar Pichai, CEO of Google, speaks to the media before the opening of the Berlin representation of Google Germany in Berlin on January 22, 2019. Carsten Koall | Getty Images News | Getty Images TRENDING NOW
Some Google created a wide-ranging monopoly that families 1 could includes favoring its own services and get demoting others, a U.S. government antitrust more than subcommittee argued in an antitrust report $14,00 Thursday. 0 in Covid relief. The House Judiciary subcommittee on It’s antitrust, which released its investigation resembl ing findings of Big Tech’s competitive behavior univers Tuesday, stated that the Alphabet-owned al basic company has held its domination in markets income ranging from search to advertising to maps by If you favoring its own services and demoting third receive parties — often at the command of executives. 2 d unempl The report also warned of furthering oyment “potential” unfair behavior in the company’s benefits growing cloud business and its Fitbit this year, acquisition proposal. you could The nearly 450-page report, which was owe thousan ds to overseen by the Democratic majority on the the IRS committee, included information gathered CDC https://www.cnbc.com/2020/10/06/google-overwhelmingly-dominates-search-market-house-committee-finds.html Page 2 of 9 Google 'overwhelmingly' dominates search market, House committee finds 26/2/21, 7 23 pm committee, included information gathered CDC through hearings, interviews and 1.3 million study documents. It concludes that Google, as well 3 finds nursing as Amazon, Apple and Facebook, enjoyed home monopoly power and suggested Congress take resident s who up changes to antitrust laws that could force recover them to split apart parts of their businesses ed from and make it harder to complete acquisitions. Covid got a second, ADVERTISING even worse case
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Why “The overwhelmingly dominant provider of stock general online search is Google, which 5 investor s are captures around 81% of all general search starting queries in the U.S. on desktop and 94% on to really worry mobile,” the report says. about rising “Google abused its gatekeeper power over bond yields online search to coerce vertical websites to surrender valuable data and to leverage its search dominance into adjacent markets,” the Sponsored Links by Taboola report states. “Google used its search engine FROM THE WEB dominance and control over the Android
operating system to grow its share of the web QLD Homeowners browser market and favor its other lines of … https://www.cnbc.com/2020/10/06/google-overwhelmingly-dominates-search-market-house-committee-finds.html Page 3 of 9 Google 'overwhelmingly' dominates search market, House committee finds 26/2/21, 7 23 pm browser market and favor its other lines of Could Be Eligible … business,” it added. Aus Solar Connect
In a statement, Google accused the lawmakers of looking more at helping Five Speculative ASX Stock Picks to… competitors than consumers. Port Phillip Publishing
“Google’s free products like Search, Maps and Gmail help millions of Americans and we’ve invested billions of dollars in research and development to build and improve them. We compete fairly in a fast-moving and highly competitive industry. We disagree with today’s reports, which feature outdated and inaccurate allegations from commercial rivals about Search and other services.
“Americans simply don’t want Congress to break Google’s products or harm the free services they use every day. The goal of antitrust law is to protect consumers, not help commercial rivals. Many of the proposals bandied about in today’s reports -- whether breaking up companies or undercutting Section 230 -- would cause real harm to consumers, America’s technology leadership and the U.S. economy — all for no clear gain.”
SEE ALSO:
Facebook is a social network monopoly that buys, copies or kills competitors, antitrust committee finds
Apple’s ‘monopoly power’ over iPhone app distribution gives it outsized profits, Democrats say
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Power and data
The report states that Google has promoted its own services by placing them at the top of search results, and has “actively demoted” rivals through “imposing algorithmic penalties.”
A number of companies, including major public companies and those Google considered competitors, told the subcommittee that they “overwhelmingly depend on Google for traffic, and that no alternate search engine even remotely approaches serving as a substitute.”
The report claimed that in search advertising, where Google holds “significant market power,” Google exploited competitors and consumers. That included blurring the distinction between paid ads and organic listings, which could be considered a violation of Section 5 of FTC Act — a restriction that prohibits companies from deceiving consumers.