A federal judge ruled Monday that Google ‘has exercised monopoly power’ and violated antitrust law.…
100 Percent Fed Up By Danielle
A federal judge ruled Monday that Google ‘has exercised monopoly power’ and violated antitrust law.
“After a lengthy anti-trust trial, a federal judge has ruled that Google has an illegal monopoly in both search and advertising,” Sean Davis, CEO of The Federalist, commented.
BREAKING: After a lengthy anti-trust trial, a federal judge has ruled that Google has an illegal monopoly in both search and advertising. https://t.co/pDuHRVx8nA pic.twitter.com/XRZUPjDsKU
— Sean Davis (@seanmdav) August 5, 2024
“The ruling, made by the District of Columbia’s Judge Amit Mehta, sided with the US Justice Department and a group of states in a set of cases alleging the tech giant abused its dominance in online search,” Yahoo Finance reports.
“After having carefully considered and weighed the witness testimony and evidence, the court reaches the following conclusion: Google is a monopolist, and it has acted as one to maintain its monopoly. It has violated Section 2 of the Sherman Act,” Mehta wrote.
“Specifically, the court holds that (1) there are relevant product markets for general search services and general search text ads; (2) Google has monopoly power in those markets,” the ruling noted.
“Importantly, the court also finds that Google has exercised its monopoly power by charging supracompetitive prices for general search text ads. That conduct has allowed Google to earn monopoly profits,” it added…
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