4 ms·
> Google and Facebook are monopolies Which markets are Google and Facebook monopolizing?
by gaur 10y ago
> Google and Facebook are monopolies
Which markets are Google and Facebook monopolizing?
- tyingq 10y agoGoogle seems to recognize they are at, or near, a monopoly in search. Senator Herb Kohl: "But you do recognize that in the words that are used and antitrust kind of oversight, your market share constitutes monopoly, dominant -- special power dominant for a monopoly firm. You recognize you're in that area?" Eric Schmidt: "I would agree, sir, that we’re in that area....I'm not a lawyer, but my understanding of monopoly findings is this is a judicial process."
- eli_gottlieb 10y agoSearch, and nonprofessional social networking, respectively. As noted below, Eric Schmidt has already de facto admitted to Google holding a monopoly position.