Zaid explains why the U.S. Justice Department is claiming Google is a monopoly and what’s been going on with Zoom since their big boom at the beginning of COVID-19.
The U.S. Justice Department claims Google is operating as a monopoly over the search and search advertising market. This is the biggest antitrust lawsuit since a case was filed against Microsoft in the late 90s. Because Google owns 90% of the search market share, they can charge a lot of money to advertisers. Google is also accused of paying Apple up to $12 billion a year to be the default search engine on Apple devices. This is a huge case that could completely alter how consumers use the internet.
While other companies struggle to stay afloat in the midst of COVID-19, the video conferencing company Zoom continues to soar. After coming onto the scene in March when the world was on lockdown, Zoom offered a place to connect with friends, coworkers, students and more. In an effort to expand their product offering, diversify their income and combat “zoom fatigue,” the company has created OnZoom, a platform to host paid online events.