4.6 • 12 Ratings
🗓️ 14 November 2024
⏱️ 5 minutes
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Trump’s re-election may be an overall boon to Silicon Valley giants wary of aggressive competition enforcement. But he may have a more hands-off approach with Google’s legal battle, already years in progress.
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0:00.0 | Here is your Forbes Daily Briefing for Thursday, November 14th. Today on Forbes, Google is on the |
0:08.2 | antitrust chopping block, and Trump probably won't save it. In 2020, then-president Donald Trump |
0:15.8 | made history when his Justice Department filed a landmark antitrust lawsuit against Google, |
0:21.7 | alleging the tech giant held an illegal monopoly in the online search market. |
0:26.4 | It was the first major competition case of the Internet era. |
0:30.4 | Now, as Trump returns to power, there has been optimism in Silicon Valley that his administration |
0:35.8 | would take a softer line with tech competition |
0:38.5 | after years of aggressive enforcement in the Biden era. But antitrust experts told Forbes that |
0:44.4 | while Trump may generally loosen the federal government's grip regarding tech antitrust, |
0:49.3 | it may do little to help Google. William Kovassik, a former FTC chairman and now a law professor at George |
0:56.2 | Washington University, told Forbes, quote, Google can't derive much comfort from the election results. |
1:02.4 | I think those federal efforts would carry on. George Hay, an antitrust professor at Cornell Law |
1:08.6 | School, argued similarly that it's unlikely for Trump to pull the plug, |
1:13.1 | especially since his administration was the one to first bring the case. |
1:17.2 | Hay said, quote, the horse is out of the barn. |
1:21.2 | Google declined to comment for this story. |
1:24.2 | The tech giant's search monopoly case went to trial last year. |
1:29.3 | During proceedings, the federal government argued that Google signed illegal contracts with device makers to force Google products |
1:34.8 | onto consumers. The cornerstone of the DOJ's case was an agreement with Apple worth tens of billions |
1:41.0 | of dollars that made Google the default search engine on iPhones and other Apple products. |
1:46.7 | Google has said its dominant position comes from the quality of its products, |
1:50.8 | arguing it gives consumers easy options to change their defaults. |
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