Google is paying someone else $40b to make sure you keep using it
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.
The company held the overwhelming majority of the US search market, letting it sell ads on which it made enormous profits. In Thiel’s eyes, that made the company great. It had made a product so good it faced no serious competition, letting it justly earn a great deal of money.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Technology
Fetching latest articles