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Article from Issue 287/2024
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Are fortunes changing for Google? Many observers think so, but trillion dollar companies have ways of making problems go away. It does seem like they are on a bit of a losing streak when it comes to government tolerance of their anti-competitive behavior.

Dear Reader,

Are fortunes changing for Google? Many observers think so, but trillion dollar companies have ways of making problems go away. It does seem like they are on a bit of a losing streak when it comes to government tolerance of their anti-competitive behavior. The EU has been leveling fines against Google for years, and last year, the European Commission issued a formal antitrust complaint, suggesting that breaking up the company might be the only remedy [1]. Earlier this year, the EU began investigating Google under the new Digital Markets Act [2], which is designed to prevent gatekeeper companies from controlling their markets.

The EU deserves credit for their diligent pursuit, but because Google is a US company, the recent antitrust finding by the US District Court of DC could be far more eventful. In the first antitrust decision of the Internet era, judge Amit. P. Mehta ruled that Google is a monopoly company that uses anti-competitive practices to maintain its monopoly on search [3].

[...]

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