Google: She was found guilty of monopoly practices in the US and will be fined

The company, one of the Internet giants, was found guilty of monopolistic practices, especially with regard to its search engine since through contracts it imposed it as default software on various devices. This was decided on Monday (5/8/24) by a judge in Washington… According to the documents that came into possession of the French Agency, the judge estimated that “after carefully studying the testimonies and evidence he came to the conclusion that Google is a monopoly and acted in such a way as to maintain this monopoly.” The fine imposed on the company will be fixed at a next meeting. The group had been accused of paying tens of billions of dollars, up to 26 billion. dollars only last year, to ensure that the search engine would be the default software on some “smart phones” and internet browsers. Most of this amount was given to Apple. “The distribution agreements signed by Google preempt an important part of the search engine market and deprive its competitors of opportunities to compete with it,” the judge ruled. Alphabet’s share, Google’s parent company retreated to $160.64 on the New York Stock Exchange, with a fall of 4.61%. US Justice Minister Merrick Garland in a statement described the decision as “historic victory for the American people” stressing that “no company is above the law”. Google didn’t want to make any comment.