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Google Faces Off With US Government as Search Antitrust Trial Closes [BNN Bloomberg (Canada)]
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm
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deals to maintain a dominant position in the market for online search and related advertising. In closing arguments for a landmark competition case, the government presented evidence that Google has paid Apple Inc., Samsung Electronics Co. and others billions over decades for prime placement on smartphones and web browsers. This default position has allowed Google, a unit of Alphabet Inc., to build up the most-used search engine in the world, and fueled more than $300 billion in annual revenue largely generated by search ads, the government alleged, urging a judge to find the behavior illegal. “Google uses its hold on the industry” and keeps rivals out, even Apple, Justice Department lawyer Kenneth Dintzer said on Thursday in a federal court in Washington. Those competitors aren't able to scale the way Google does and don't have the incentives to invest in the search-engine market, he added. “The fact that they may be happy cashing Google's checks, doesn't tell us anything about G
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