The Intelligence from The Economist Google’s lurch: how to fix its monopoly
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Oct 9, 2024 
Join Alice Fullwood, host of Money Talks, as she tackles the implications of a landmark ruling against Google’s search monopoly. Kate Parker, a correspondent for the Economist Intelligence Unit, discusses innovative solutions for fixing leaky water pipes, a pressing global issue worsened by climate change. Vishnu Padmanabhan, Asia correspondent, shares intriguing book recommendations that explore the emotional depth of football, uncovering the sport's culture and its powerful impact on communities.
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Google's Antitrust Concerns
- The US Department of Justice is scrutinizing Google's dominant market position.
- They argue Google's search monopoly is maintained unfairly, hindering competition.
Google's Search Monopoly
- Google's dominance in online search, holding 90% of US queries, is under scrutiny.
- The core issue lies in Google's agreements with phone makers and browser developers, ensuring Google remains the default search engine.
Google's Payments for Default Status
- Google pays substantial sums, around $26 billion in 2021, to maintain its default search status.
- Approximately $20 billion went to Apple alone, highlighting the financial power behind these agreements.
