There's a $30 billion reason the Google antitrust ruling will have the search giant very worried right now

2024-08-05 21:15:28+00:00 - Scroll down for original article

Click the button to request GPT analysis of the article, or scroll down to read the original article text

Original Article:

Source: Link

Google projected it could lose $30 billion if it lost its default spot on Apple devices. A federal judge ruled that Google's agreements with Apple and others "have anticompetitive effects." A breakup with Apple is just one potential remedy. Google said it plans to appeal. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. Advertisement Google's agreements with Apple and other companies to be their default search engine have violated antitrust law, a federal judge ruled on Monday. "Google is a monopolist," wrote US District Judge Amit P. Mehta in the ruling, "and it has acted as one to maintain its monopoly." The Department of Justice's case centered on Google's payments to other companies, like Apple and Samsung, to give its search engine prominence on their devices. This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in .