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Home»Crypto Finance

Google found guilty of antitrust violations in landmark trial

Jessica SmallyBy Jessica SmallyAugust 5, 2024 Crypto Finance No Comments2 Mins Read
Google found guilty of antitrust violations in landmark trial
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Closing Arguments Begin in Google Antitrust Trial

The Verdict

A federal judge ruled on Monday that Google violated antitrust laws by paying to ensure that its search engine became the default search engine for web browsers, in a major victory for the Justice Department. Washington Judge Amit Mehta found that the $26 billion in payments from Alphabet units prevented any rival from succeeding in the market and ensured Google’s dominance.

Antitrust Violations

Antitrust enforcers claim that Google has illegally monopolized online search and related advertising by paying billions of dollars to Apple, Samsung, and other companies over decades to compete for leadership in smartphones and web browsers. These payments have essentially stifled competition and allowed Google to maintain its stronghold in the market.

Google’s Response

Despite the ruling, Google did not immediately respond to a request for comment. The tech giant will likely appeal the decision and continue to defend its business practices. However, this verdict marks a significant milestone in the ongoing battle over tech monopolies and antitrust regulations.

In conclusion, the ruling against Google in the antitrust trial showcases the growing scrutiny over big tech companies and their business practices. As the legal battle continues, it will be interesting to see how this decision shapes the future of online search and competition in the tech industry.

Jessica Smally

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BMW to Recall 720,796 Vehicles in North America due to Fire Risk

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