“WASHINGTON (AP) — A judge on Monday ruled that Google’s ubiquitous search engine has been illegally exploiting its dominance to squash competition and stifle innovation in a seismic decision that could shake up the internet and hobble one of the world’s best-known companies…”
I’m with you on this.
In this thread are people who screams monopoly, thinking they know what it means. One comment said Google is a monopoly, followed by “along with <other giant companies>”
They’re giants because they’re successful and good at what they do. They’re successful because people are benefiting and find values from the products they use. The moment these giants stops “exploiting” people will be when they stop bringing values to society.
They’ve confused economic reality with their own ideal reality.
There’s much more to company’s popularity than just the product quality.
Google, along with some others, pays money for browser developers to be the default engine - so that people never bother to try something else and actually see how good or bad Google is compared to everything else.
Facebook (Meta) is known for predatory business practices like forcing startups to sell out or have their concept forcefully stolen and them destroyed.
Amazon dominates by plunging the prices of their in-house products below payback to drive the competition into bankruptcy, then acts as a monopoly, driving prices up.
There’s plenty more such examples, but let me stop here for now. Giant corporations have powerful levers that are only available to them as they approach market dominance. And when they get 'em, fair play is over.
… and the irony in this statement is overwhelming, after the fairy tale you’ve just outlined about those providing the most value to society gathering the most power & influence.
Ideal reality: Google doesn’t buy advantage from browsers to make their search engine the default. This way, other search engines can compete at the same level, right?
Reality: browser developers will have their income cut down because now their main source of income is dead (see recent news on Mozilla).
Usually these kinds of policies that may or may not come up out of goodwill results in unintended consequences that negatively affect others.
The winner here are the politicians.