Re:Google could face a $9B EU fine for rigging search result...
by frgtpsswrdlame on Friday June 02, 2017 @12:30PM
(#14471156)
Standard Oil only maxed out at 90% market share. US Steel only reached 60% of the steel market. There were banks other than JP Morgan. A more nuanced view of monopoly has to do with how much power they can wield in the markets.
Re:Google could face a $9B EU fine for rigging search result...
by mohaine on Friday June 02, 2017 @05:04PM
(#14473298)
And of those which ones had successful antitrust litigation against them? Just Standard Oil I believe.
Re:Google could face a $9B EU fine for rigging search result...
by freehunter on Friday June 02, 2017 @01:13PM
(#14471600)
Microsoft was declared a monopoly when every computer in my school was a Mac. Internet Explorer was considered a monopoly when everyone I knew was running Netscape/Firefox. It's obvious that the US federal government and the EU disagrees with you. You don't have to have 100% control over a market in order to be considered a monopoly.
Def: "the exclusive possession or control of the supply or trade in a commodity or service."
Google has a very nice search engine but I personally fail to see how they control the supply enough to be considered a monopoly. Sure most people use them, but that is by choice. There are viable alternatives.