Google's Fight for Survival
USAWed Sep 25 2024
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Google is facing a long and arduous battle in the antitrust arena, with CEO Sundar Pichai admitting that it will take "many years" to resolve the company's legal woes. The tech giant is currently embroiled in two major federal cases, one of which has already resulted in a ruling that Google operates an illegal monopoly over online search. Pichai expressed disagreement with the ruling, but acknowledged that the company will appeal and the process will likely take years to play out.
Google's difficulties are not limited to the US, as the company is also facing scrutiny in the European Union. In fact, regulators are reportedly set to warn Google that it must change its search business practices or face major fines under the bloc's Digital Markets Act. This warning comes on the heels of a recent European Union court decision to overturn a $1. 7 billion fine against the company, a process that took nearly 10 years to resolve.
Despite these challenges, Pichai remained optimistic, arguing that regulatory scrutiny is inevitable given Google's scale. He pointed out that the company is facing tough competition and that customers use its products because of their quality. However, critics argue that an antitrust crackdown is essential to prevent Google from further entrenching its monopoly as it pours resources into artificial intelligence and other burgeoning technologies.
https://localnews.ai/article/googles-fight-for-survival-9c46e703
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