One chart perfectly encapsulates why Google might be broken up – Yahoo Canada Finance
Google might be broken up, and it’s all because of its tight grip over search.
A federal judge ruled last week that “Google is a monopolist,” following a yearslong battle against the company by the Justice Department and state attorneys general. In the aftermath of the judge’s ruling, the Justice Department is exploring remedies that could include breaking up the company, Bloomberg reported, citing people with knowledge of the deliberations. Google has said it will appeal the ruling.
At the center of the 10-week-long trial was Google’s search engine, whose dominance, paired with a successful ad business, made Google and its parent company Alphabet among the most valuable companies in the world.
Although it’s not the only company with a search engine, Google has become synonymous with searching the web. Data from web-traffic analysis company Statcounter puts Google’s search engine market share at about 91% worldwide as of July. And it has maintained about a 90% market share since…
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source: https://news.oneseocompany.com/2024/08/14/one-chart-perfectly-encapsulates-why-google-might-be-broken-up-yahoo-canada-finance_2024081458030.html
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