Computer Hope
Other => Computer News => Topic started by: Geek-9pm on May 20, 2018, 08:48:28 PM
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Is this news? :P
ol·i·gop·o·ly
noun
a state of limited competition, in which a market is shared by a small number of producers or sellers.
Just now the CBS TV network aired a report about Google.
The above subject title represents the CBS program 60 minuets.. Google states they are not a monopoly of the anti-trust law of the United States. Others disagree and are asking why there is no government action.
Here is the CBS TV story:
https://www.cbsnews.com/news/how-did-google-get-so-big/
The report claims that Google alters the search results to for its own interest.
Before you read the CBS report, Search for this:
Is Google a monopoly.
Notice the CBS report is hard to find. :o
What do you say? 8)
Also:
https://www.thestreet.com/opinion/attention-60-minutes-google-isnt-the-only-big-tech-monopoly-14594142
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That's a lot of minuets...
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The only thing new about this topic is the report from the CBS program. Over in the UK and the EU this issue has been a topic for years. In fact, Google has been chastised by the EU for its search tools that favor Google advertisers.
People are asking 'why say anything now? ' Apparently Google is so big no agency dares to attack it. And if you want to advertise on the Internet you have to use Google. The is self-apparent. Google does not have any real competition.
About five years ago:
https://www.theguardian.com/commentisfree/2013/feb/14/google-competition-searching-solution (https://www.theguardian.com/commentisfree/2013/feb/14/google-competition-searching-solution)
@tom_watson Thu 14 Feb 2013
Some time later this month we are expecting the European commission to decide how it will proceed with its investigation of the search giant Google, following the latter's submission of proposed remedies at the end of January over allegations that it has engaged in a range of anticompetitive practices. For more than two years now the commission has been examining complaints from a rising number of companies – 21 formal complaints at the last count and reportedly hundreds of other submissions The alleged practices include biasing the search results to promote its own interests and preventing advertisers from running a single campaign across multiple platforms.
Five years ago.
About two years later the EU ruled a 2.7 billion EU fine.
Did Google pay it? Don't hold your breath. I can not find a reference they've ever paid. But I am using a Google search. ::)
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Did Google pay it? Don't hold your breath. I can not find a reference they've ever paid
They did pay the fine (https://www.cbsnews.com/news/how-did-google-get-so-big/). Check about 4" from bottom. I guess 2.7 billion just ain't what it used to be.
8)
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They did pay the fine (https://www.cbsnews.com/news/how-did-google-get-so-big/). Check about 4" from bottom. I guess 2.7 billion just ain't what it used to be.
8)
;D 8)
Geek sometimes never finishes reading the "news" he reports....
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Whooa! What a nice blog post, Loved it. Surely gonna visit again your blog. Nice work <3
Affiliate SPAM link removed...
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I think the pertinent question should be: how much of rent seeking can Google engage in. That is the real underlying problem. A company does not need to be a monopoly to engage in rent-seeking. All it needs is position itself around a resource and act as a gatekeeper, platform holder, go-to person etc.
Thus, even though Google is not nominally a monopoly, it can still extract disproportionate profits compared to the value they add to the economy by taking advantage of its position in the advertising, search and mobile markets.
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Google also engages in intense competition with its rivals in the Mobile Operating Systems industry. ... Therefore, despite of its large market share and supernormal profits, Google should not be considered a monopoly. Instead, the search engine industry is an oligopoly industry.