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Market
Will Google's market share in the search engine market drop below 80% by the end of 2024?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Market share reports from StatCounter or similar sources
Story
Google Loses DOJ Antitrust Suit Over Search Practices, $26 Billion Payments Violated Sherman Act
Aug 5, 2024, 06:52 PM
Google has lost a significant antitrust lawsuit brought by the U.S. Department of Justice (DOJ) over its search business. A federal judge ruled that Google violated antitrust laws by maintaining its monopoly over general search and engaging in anticompetitive practices. Specifically, Judge Amit Mehta found that Google's $26 billion in payments to make its search engine the default on smartphone web browsers effectively blocked competitors from succeeding in the market. The ruling cited violations of Section 2 of the Sherman Act. This ruling marks a major victory for the DOJ in its efforts to regulate big tech companies and curb monopolistic practices.
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Similar markets
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