Is Google a monopoly? Sort of, but that’s the free market – City A.M.
How about a little trust in the dynamism of the free market? Writes Matthew Feeney
An American federal court recently hit Google with a huge blow in one of the most significant antitrust rulings in recent history. Judge Amit Mehta’s ruled that Google’s distribution deals, which allow the Silicon Valley giant’s search engine to appear as the default search engine on some devices and browsers, are monopolistic and illegal. The ruling offers an opportunity to consider how lawmakers and regulators should think about digital markets, the role of Big Tech in these markets, and how people seek information online. This is especially important in the UK given the passage of the Digital Markets, Competition and Consumer (DMCC) Bill earlier this year.
While headlines may blare Google declared a monopoly, the ruling isn’t quite as simple as this makes out, as this label only applies to certain agreements and types of search advertising.
Google pays firms a huge amount of money every year for…
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