Google, we need to talk. 🤔 On Monday, a U.S. judge dropped a bombshell ruling: Google has been spending billions to maintain an illegal monopoly on search, making it the world's default search engine! 💥
This ruling is the first big win for federal authorities taking on Big Tech's market dominance. It's like David taking on Goliath, and David just scored a hit! 🏹
So, what's next? The court's decision paves the way for a second trial to figure out how to fix this mess. Potentially, we could see a breakup of Google's parent company, Alphabet. Imagine that! It could totally shake up the online advertising world that Google's been ruling for years. 🌐
Judge Amit Mehta didn't hold back, saying, \"Google is a monopolist, and it has acted as one to maintain its monopoly.\" With Google controlling about 90% of online searches and 95% on smartphones, that's huge! 📱💻
But hold on—this \"remedy\" phase could take a while, maybe even years with appeals. So, don't expect immediate changes when you Google your next question. 🕰️
Meanwhile, Alphabet's shares took a hit, dropping 4.5% on the news. Ouch! 😬 Google plans to appeal the ruling, stating, \"This decision recognizes that Google offers the best search engine, but concludes that we shouldn't be allowed to make it easily available.\"
What do you think? Is this a step toward leveling the playing field, or is Big Tech just too big to challenge? Let us know! 🗣️
Reference(s):
cgtn.com
