Google CEO Sundar Pichai Backs Billion-Dollar Payouts To Apple, Others To Maintain Search Dominance: 'We Provide The Best Experience'
Portfolio Pulse from Benzinga Neuro
Google's CEO Sundar Pichai defended the company's practice of paying billions to Apple and other tech firms to secure Google as the default search facility on their devices. The U.S. Department of Justice views these payments, which totaled over $26 billion in 2021, as Google’s strategy to stifle competition. The ongoing antitrust lawsuit could potentially halt the company’s practice of paying out to Apple and other companies to remain the default search engine.
October 31, 2023 | 3:01 am
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Google's practice of paying billions to secure its position as the default search engine is under scrutiny in an antitrust lawsuit. If found guilty, this could potentially halt the company’s payouts, impacting its market dominance.
The ongoing antitrust lawsuit against Google could potentially halt the company’s practice of paying out to Apple and other companies to remain the default search engine. This could impact Google's market dominance and potentially its stock price.
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