Google takes its biggest L ever... now a convicted monopolist

yesterday big Tech changed Forever After Google lost the most important legal battle of its life a fight against the US Department of Justice that started back in 2020 claiming that Google violated us antitrust law and cheated at Monopoly the government called Google a filthy monopolist who used a legal tactics to crush the competition and stifle Innovation Google's lawyers clapped back and said that was outrageous and salacious but the judge agreed with the feds guilty and just like Standard Oil and the American Tobacco Company Google is now officially required to wear the illegal Monopoly duns cap

but everyone cheats at Monopoly Apple Amazon and meta are also fighting active antitrust cases in today's video we'll find out what these cases are all about why Google lost its fight but most importantly what does this mean for the future of big Tech and how do I get rich off of it it is August 6 2024 and you're watching the code report things used to be a lot different back in the 9s horses were still the primary mode of transportation hemp was legal and Coca-Cola still had cocaine in it but 1890 was Al the year

the Sherman Act was passed a law at the time that was targeted at Big Oil big tobacco and Big Railroad to prevent anti-competitive activities that made it impossible for competitors to enter the market Google broke section two of the Sherman Act which has two Provisions the possession of Monopoly power and willful acquisition or maintenance of that power that's not a consequence of a superior product in other words to break the law you need to both dominate the market and do so in ways outside of building a better product Google controls 88% of the domestic search

market and I think most people agree that Google has a superior product I get way better results from it than lyos or excite and it's AI no longer recommends I jump off the Golden Gate bridge when I'm feeling sad but Google got into trouble with its exclusivity deals like when it requires its search engine to be the default on Android devices its deal with the Mozilla Firefox browser and its insane deal with Apple where it pays them 36% of search Revenue to the tune of $20 billion per year basically the judge said these deals were

anti-competitive and now Google will not pass good and will not collect $200 well actually we don't really know what the penalty is yet and that's to be continued in a separate trial I highly doubt it'll be like what JFK said right before he went to Dallas to shatter Google into a th pieces and Scattered into the winds it is possible Google could be broken up into multiple different entities like maybe it has to divest Gmail on Android but the tricky thing about Google is that it search business makes so much money it's able to subsidize

these free projects like Gmail on Android if Gmail were on its own we'd probably have to pay 10 bucks a month to use use it but if you talk to someone like Microsoft who was accused of being a monopoly back in 2001 things might not be so bad a more likely outcome is that Google Faces some kind of fine and then contractual restrictions on these deals and that could actually be a good thing for Google because then Apple can't Rak in cash while doing absolutely nothing of value except maintain its own Monopoly speaking of which

apple is also being sued by the US Department of Justice for maintaining a monopoly many people will defend Apple's W Garden to their death but the feds think that apple is actually tricking you by using things like privacy as an elastic Shield to justify abusive business practices among many other things Apple also got into trouble with the EU and was required to open its payment service to competitors like epic games and now fortnite is finally coming back to the App Store but meta is also facing a lawsuit for monopolizing the social media space with anti-competitive

Acquisitions like Instagram and WhatsApp then Amazon is also fighting its own Monopoly battle where it's accused of taking advantage of its sellers with anti- discounting measures and contracts that favor its own products now if any of this comes as a shock to you it's time to wake up you don't become a trillion doll tech company by not being evil it's a brutal Cutthroat game as a tech company you either go bankrupt as a hero or live long enough to become an illegal Monopoly this has been the code report thanks for watching and I will see

you in the next one