A federal judge has ruled that Alphabet’s (GOOG, GOOGL) Google is a "monopolist." Judge Amit Mehta ruled that Google illegally maintained its monopoly on internet search by paying companies that operate web browsers to be the default search engine. Google says it plans to appeal the ruling.
Neil Chilson, Head of AI Policy at The Abundance Institute, explains the ruling like this "The judge parsed out the fact that Google is a monopolist in this market and then said the problem here is maintaining that monopoly, not earning that monopoly. So being the best is how you might earn a monopoly, but then if you maintain it using anti-competitive conduct, that’s what they were focused on here."
Chilson and Yahoo Finance legal reporter Alexis Keenan discuss the decision in the video above.
#youtube #Google #tech
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