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60 Minutes on Google’s Search Monopoly

Steve Kroft, reporting for 60 Minutes:

This past week the Federal Trade Commission was asked to investigate the data collected by Google on its Android operating system, which powers most of the world’s smartphones. It was a tiny blip in the news cycle but another sign of Washington’s and Europe’s growing concerns about the enormous, largely unchecked power accumulated by tech giants like Facebook, Amazon and Google over the last two decades. Of the three, Google, which is part of a holding company called Alphabet, is the most powerful, intriguing, and omnipresent in our lives. This is how it came to be.

Succinct, compelling case that Google is abusing its search monopoly to promote its own products. Yelp founder Jeremy Stopplelman:

Jeremy Stoppelman: If I were starting out today, I would have no shot of building Yelp. That opportunity has been closed off by Google and their approach.

Steve Kroft: In what way?

Jeremy Stoppelman: Because if you provide great content in one of these categories that is lucrative to Google, and seen as potentially threatening, they will snuff you out.

Steve Kroft: What do you mean snuff you out?

Jeremy Stoppelman: They will make you disappear. They will bury you.

Monday, 21 May 2018