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Google CEO Sundar Pichai testifies in US antitrust trial
(www.reuters.com)
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this post was submitted on 30 Oct 2023
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This is the best summary I could come up with:
WASHINGTON, Oct 30 (Reuters) - Sundar Pichai, CEO of Alphabet Inc (GOOGL.O) and its subsidiary Google, testified Monday in a once-in-a generation antitrust fight with the U.S. government that the company sought to make browser use and internet search easy and secure.
If the government wins, the company may be forced to scrap some business practices that have helped it stay on top.
In testimony Monday morning, Pichai took a couple of swipes at Microsoft's (MSFT.O) browser, Internet Explorer.
The government, in cross-examination, will likely also ask about the billions of dollars paid annually to smartphone makers like Apple (AAPL.O) and wireless carriers like AT&T (T.N) to be the default in search on their devices in order to stay on top.
The clout in search makes Google a heavy hitter in the lucrative advertising market, its biggest revenue source.
Google has argued the revenue share agreements are legal and that it has invested heavily to keep its search and advertising businesses competitive.
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