3 ms·

They're giving themselves money by abusing their monopoly status. Sure, in a totally free market, it looks innocent. There are laws against this because monopol

They're giving themselves money by abusing their monopoly status. Sure, in a totally free market, it looks innocent. There are laws against this because monopolies are damaging to any market it's in and ends up hurting the end user.

fuzztester 2y ago
pardon me. https://en.m.wikipedia.org/wiki/Monopoly https://en.m.wikipedia.org/wiki/Monopoly >A monopoly (from Greek μόνος, mónos, 'single, alone' and πωλεῖν, pōleîn, 'to sell'), as described by Irving Fisher, is a market with the "absence of competition", creating a situation where a specific person or enterprise is the only supplier of a particular thing. how is Google a monopoly according to the above definition in Wikipedia? they have competitors like bing, duckduckgo, kagi, and some others that i have read about here on hn recently. and I do not know about the others, but at least bing and duckduckgo have existed for many years. so again, how are they a monopoly?
- TheCleric 2y ago
  Depending on the metric, Google has 90% of the search engine market. Yes they have competition in a literal sense, but not in a meaningful sense.
  - fuzztester 2y ago
    10% is quite a meaningful share, in an absolute sense. also, 10% of a huge market is, well, huge.
    - j_maffe 2y ago
      Are you really trying to argue that 90% of the internet text search share held by one company isn't a monopoly?
      - fuzztester 2y ago
        j-maffe, it looks to me like you are being disingenuous, because in reply to your earlier comment above, I had quoted the Wikipedia definition of monopoly. my entire subsequent argument was based on that, as you well know. if you want to try to redefine terms, or move goalposts, feel free to do so, but I will not participate in an argument based on such behaviour. to repeat, quoting from the Wikipedia definition of monopoly: >A monopoly (from Greek μόνος, mónos, 'single, alone' and πωλεῖν, pōleîn, 'to sell'), as described by Irving Fisher, is a market with the "absence of competition", creating a situation where a specific person or enterprise is the only supplier of a particular thing. (italics mine) can you really not see the difference between 90% search share held by Google, which means 10% share held by others, vs. absence of competition? it is blindingly obvious. I am leaving this thread. I don't argue with people who either don't get it, or seem to be operating under false pretences.
        fuzztester 2y ago
        your ignoring that, or not understanding that, is like a person saying that 10% is equal to 0%. I cannot argue with such people. it's a dead end, and a waste of my time.
        j_maffe 2y ago
        Just to be clear, you're saying that the judge [1], the Justice Department [2], and journalists[3] are all wrong? If you want to be pedantic about it, they have what is called an effective monopoly[4]. [1] https://www.bloomberg.com/news/articles/2024-08-05/google-loses-doj-antitrust-suit-over-search https://www.bloomberg.com/news/articles/2024-08-05/google-lo... [2] https://www.washingtonpost.com/technology/2020/10/20/google-antitrust-doj-lawsuit/ https://www.washingtonpost.com/technology/2020/10/20/google-... [3] https://www.washingtonpost.com/opinions/yes-google-has-a-monopoly-whats-wrong-with-that/2020/10/20/d2c0c022-1311-11eb-ad6f-36c93e6e94fb_story.html https://www.washingtonpost.com/opinions/yes-google-has-a-mon... [4] http://www2.harpercollege.edu/mhealy/eco211f/lectures/monopoly/monopoly.htm http://www2.harpercollege.edu/mhealy/eco211f/lectures/monopo...
        2y ago

fuzztester 2y ago

pardon me. https://en.m.wikipedia.org/wiki/Monopoly https://en.m.wikipedia.org/wiki/Monopoly >A monopoly (from Greek μόνος, mónos, 'single, alone' and πωλεῖν, pōleîn, 'to sell'), as described by Irving Fisher, is a market with the "absence of competition", creating a situation where a specific person or enterprise is the only supplier of a particular thing. how is Google a monopoly according to the above definition in Wikipedia? they have competitors like bing, duckduckgo, kagi, and some others that i have read about here on hn recently. and I do not know about the others, but at least bing and duckduckgo have existed for many years. so again, how are they a monopoly?

TheCleric 2y ago
Depending on the metric, Google has 90% of the search engine market. Yes they have competition in a literal sense, but not in a meaningful sense.
- fuzztester 2y ago
  10% is quite a meaningful share, in an absolute sense. also, 10% of a huge market is, well, huge.
  - j_maffe 2y ago
    Are you really trying to argue that 90% of the internet text search share held by one company isn't a monopoly?
    - fuzztester 2y ago
      j-maffe, it looks to me like you are being disingenuous, because in reply to your earlier comment above, I had quoted the Wikipedia definition of monopoly. my entire subsequent argument was based on that, as you well know. if you want to try to redefine terms, or move goalposts, feel free to do so, but I will not participate in an argument based on such behaviour. to repeat, quoting from the Wikipedia definition of monopoly: >A monopoly (from Greek μόνος, mónos, 'single, alone' and πωλεῖν, pōleîn, 'to sell'), as described by Irving Fisher, is a market with the "absence of competition", creating a situation where a specific person or enterprise is the only supplier of a particular thing. (italics mine) can you really not see the difference between 90% search share held by Google, which means 10% share held by others, vs. absence of competition? it is blindingly obvious. I am leaving this thread. I don't argue with people who either don't get it, or seem to be operating under false pretences.
      - fuzztester 2y ago
        your ignoring that, or not understanding that, is like a person saying that 10% is equal to 0%. I cannot argue with such people. it's a dead end, and a waste of my time.
      - j_maffe 2y ago
        Just to be clear, you're saying that the judge [1], the Justice Department [2], and journalists[3] are all wrong? If you want to be pedantic about it, they have what is called an effective monopoly[4]. [1] https://www.bloomberg.com/news/articles/2024-08-05/google-loses-doj-antitrust-suit-over-search https://www.bloomberg.com/news/articles/2024-08-05/google-lo... [2] https://www.washingtonpost.com/technology/2020/10/20/google-antitrust-doj-lawsuit/ https://www.washingtonpost.com/technology/2020/10/20/google-... [3] https://www.washingtonpost.com/opinions/yes-google-has-a-monopoly-whats-wrong-with-that/2020/10/20/d2c0c022-1311-11eb-ad6f-36c93e6e94fb_story.html https://www.washingtonpost.com/opinions/yes-google-has-a-mon... [4] http://www2.harpercollege.edu/mhealy/eco211f/lectures/monopoly/monopoly.htm http://www2.harpercollege.edu/mhealy/eco211f/lectures/monopo...
        2y ago