Sundar Pichai Says Google (NASDAQ: GOOGL) ‘Pro-Competitive’ – Bloomberg

Sundar Pichai, chief executive officer of Google parent Alphabet Inc., defended the internet-search giant against claims that it is anticompetitive, citing established rivals in the digital advertising market and upstart mobile app TikTok as examples of robust competition in technology.

Pichai made the remarks late Tuesday at the Code Conference in Los Angeles. He said the company is “pro-competitive” and named companies including Apple Inc. and Microsoft Corp. as competitors in the advertising business and TikTok as a rival in the video space. He said that YouTube Shorts, Google’s TikTok competitor, is off to a “great start.”

“Competition in tech is hyper-intense,” Pichai said. The rise of TikTok “shows there is competition in the space” and “how vibrant this market is” compared to years past.

The US Justice Department sued Google in 2020, alleging the company dominates the search market in violation of antitrust laws. The company is the most popular search engine and only has…

Read Full Story: https://www.bloomberg.com/news/articles/2022-09-07/pichai-says-google-pro-competitive-sees-vibrant-tech-market

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