Connect with us

News

Google’s online search monopoly is illegal, US judge rules

Published

on

A US judge has ruled Google acted illegally to crush its competition and maintain a monopoly on online search and related advertising.

The landmark decision on Monday is a major blow to Alphabet, Google’s parent company, and could reshape how technology giants do business.

Google was sued by the US Department of Justice in 2020 over its control of about 90% of the online search market.

It is one of several lawsuits that have been filed against the big tech companies as US antitrust authorities attempt to strengthen competition in the industry.

This case has at times been described as posing an existential threat to Google and its owner given its dominance of the search and online advertising business.

It is unclear yet what penalties Google and Alphabet will face as a result of the decision. The fines or other remedies will be decided in a future hearing.

The government has asked for “structural relief” – which could, in theory at least, mean the break-up of the company.

In his decision, US District Judge Amit Mehta said Google had paid billions to ensure it is the default search engine on smartphones and browsers.

“Google is a monopolist, and it has acted as one to maintain its monopoly,” Judge Mehta wrote in his 277-page opinion.

Alphabet said it plans to appeal against the ruling.

“This decision recognises that Google offers the best search engine, but concludes that we shouldn’t be allowed to make it easily available,” the statement from the company said.

US Attorney General Merrick Garland, the country’s top prosecutor, hailed the ruling as a “historic win for the American people”.

“No company – no matter how large or influential – is above the law,” Mr Garland said in a statement on Monday. “The Justice Department will continue to vigorously enforce our antitrust laws.”

Federal antitrust regulators have filed other pending lawsuits against Big Tech companies – including Meta Platforms, which owns Facebook, Amazon.com and Apple Inc – accusing them of operating unlawful monopolies.

Monday’s ruling comes after a 10-week trial in Washington DC, in which prosecutors accused Google of spending billions of dollars annually to Apple, Samsung, Mozilla and others to be pre-installed as the default search engine across platforms.

The US said Google typically pays more than $10bn (£7.8bn) a year for that privilege, securing its access to a steady stream of user data that helped maintain its hold on the market.

Doing so, prosecutors said, meant other companies have not had the opportunity or resources to meaningfully compete.

“The best testimony for that, for the importance of defaults, is Google’s cheque book,” argued Department of Justice lawyer Kenneth Dintzer during the trial.

Google’s search engine is a big revenue generator for the company, bringing in billions of dollars thanks in large part to advertising displayed on its results pages.

Google’s lawyers defended the company by saying that users are attracted to their search engine because they find it useful, and that Google is investing to make it better for consumers.

“Google is winning because it’s better,” said Google’s lawyer John Schmidtlein during closing arguments earlier this year.

Mr Schmidtlein also argued during the trial that Google still faces intense competition, not just from general search engine firms, such as Microsoft’s Bing, but more specialised sites and apps that people use to find restaurants, airline flights and more.

In his ruling, Judge Mehta concluded that being the default search engine is “extremely valuable real estate” for Google.

“Even if a new entrant were positioned from a quality standpoint to bid for the default when an agreement expires, such a firm could compete only if it were prepared to pay partners upwards of billions of dollars in revenue share,” Judge Mehta wrote.

Another case against the technology company over its advertising technology is scheduled to go to trial in September. In Europe, meanwhile, Google has been fined billions in monopoly cases.

(BBC News)

News

Qatar, Kuwait, Bahrain close airspaces

Published

on

By

Iran has launched missiles at a US airbase in Qatar in response to strikes on its nuclear sites on Saturday.

Qatar confirms the attack on the US-run Al Udeid base, calling it a “flagrant violation” and says it reserves the right to respond directly.

The country has temporarily closed its airspace and US and UK citizens have been advised to shelter in place.

Meanwhile, Kuwait and Bahrain have also closed their respective airspaces.

(Agencies)

Continue Reading

News

China offers openness to all South Asian countries – Kusal Perera (Video)

Published

on

By

The 9th China-South Asia Expo, which opened on June 19 in Kunming, China, will conclude tomorrow (June 24).

This year’s event held under the theme “Solidarity and Coordination for Common Development, has attracted over 1,400 companies from 54 countries and regions, with Sri Lanka as the Guest of Honour country and Thailand as the special partner nation.

China-Sri Lanka bilateral trade reached a record high of USD 5.36 billion in 2024, representing a 13.4% year-on-year increase. This makes Sri Lanka China’s fastest-growing trade partner in South Asia.

The Sri Lankan pavilion was officially declared open by Sri Lanka’s Minister of Trade and Commerce – Wasantha Samarasinghe and Deputy Minister of Foreign Affairs and Foreign Employment – Arun Hemachandra, who jointly led the country’s high-level delegation to the prestigious regional event.

CGTN’s Ms. Li Qiuyuan spoke with Mr. Kusal Perera, a political analyst and writer for ‘Sri Lanka Mirror’, about his expectations for the expo.

Speaking, Mr. Perera said that Sri Lanka needs to see how the ‘export basket’ can be diversified from the traditional export goods such as tea, in order to make the most of this platform to boost bilateral trade and engagement with China.

When asked which emerging areas such as energy transformation, digital economy and low carbon development seem to be the most promising for the island nation, Mr. Perera highlighted the importance of a combination of energy, technology and environment. “But in the process, we also have to have our national economy planned to accommodate all that,” he emphasised, adding that it will be a long process for Sri Lanka.

He further commented : “I see China opening up instead of getting into protectionism like Europe. It’s basically the second largest economy in the world… still expanding… still improving… still developing…”

China’s economic openness for all South Asian countries is a huge opportunity in a global economy that now retreats with regulated and protected markets. Protectionism would not be a catalyst for economic growth. We in South Asia have to be open too. China is already open and its economy is growing on global trade. It’s their openness that has taken them everywhere” he adds.

(Video : CGTN)

Related News :

Continue Reading

News

Fresh probe into Shiranthi’s bank account

Published

on

By

Deputy Minister of Public Security and Parliamentary Affairs – Attorney-at-Law Sunil Watagala has informed Parliament that a renewed investigation is underway into a fraudulent bank account allegedly maintained by Shiranthi Rajapaksa, wife of former President Mahinda Rajapaksa.

He stated that a fake account titled ‘Siriliya Saviya’ had been opened in her name and that the mandate form related to the ‘Siriliya’ Organization’s bank accounts had been fraudulently removed from the bank.

The Minister further revealed : 

The account, now suspended, was opened on November 14, 2006, at the People’s Bank, Suduwella Branch, Darley Road, Colombo 10, under account number 143/1/001/4/6235069. Shiranthi Rajapaksa is listed as the chairperson of the account, with Kalyani Dissanayake as secretary and Nirosha Jeevani as treasurer.

The account currently holds a balance of Rs.43 million. Records indicate that Rs. 82,900,088 had been deposited on 88 occasions, while Rs.39,015,656 had been withdrawn on 129 occasions. Additionally, a fixed deposit of Rs.10 million had been opened under the name ‘Siriliya’.

The Financial Crimes Investigation Division (FCID) has resumed investigations into the matter.

Deputy Minister also mentioned several other questionable financial transactions involving the Rajapaksa family, such as ;

  • Rs.152 million allegedly obtained by CSN (Carlton Sports Network) from the Treasury.
  • Rs.35 million obtained by Gotabaya Rajapaksa from the Urban Development Authority to build a memorial for his parents.
  • Rs.208 million used by Basil Rajapaksa to purchase a house in Malwana.

Continue Reading

Trending

Copyright © 2024 Sri Lanka Mirror. All Rights Reserved