Saved this:So ... divesting of search and a remaking of Google as a company?
I'm failing to see the problem here.
To say basically the same thing.According to Bloomberg, Pichai used even harsher language when discussing these remedies in court. He called this part of the government's case "so far reaching, so extraordinary" that it would remake Google as a company and lead to numerous unintended consequences. To hear Pichai tell it, forcing Google to license this data for a nominal fee would be a "de facto divestiture of search."
That’s an optimistic take on a business still dominated by ad revenue, in an economy already contracting and likely to be in full blown recession by the end of June.The rest of Google's summer is probably going to be pretty nice, too. We fully expect Google's business to continue growing
What? Google took over the W3C, and standardizes whatever it wants to implement in Chrome. That doesn't make it a good steward.Largely, Google has been a good steward for Chrome, and the Open Web.
To hear Pichai tell it, forcing Google to license this data for a nominal fee would be a "de facto divestiture of search."
What's weird, and thus has always confused me, is that shareholders are likely to end up RICHER. In all cases of monopoly breakups in the past, the separate companies end up being worth more than the original conglomerate. Why resist?! Rockefeller became the richest man in history after the breakup of Standard Oil.Yes, and so what ? Google needs to burn to learn. They clearly haven't learned any other way. They're arrogant monopolists, and they need to be taught a lesson the hard way, because the market clearly hasn't worked to keep them in check the normal ways.
Seems good for everyone except the execs and the googlers with fat stock options/shares and of course the associated adtech Ghouls. I don't cry for many of them. I even have some googler friends. Most have left at this point, or are planning on leaving. Google is soulless and dead inside mostly.
To be honest given the size of Google, and the way they've managed to completely dominate search and web standards, there probably will be unintended consequences to whatever remedy they settle on.Saved this:
To say basically the same thing.
After all, the whole point to an antitrust penalty is to remake the company. The consequences, however, are largely intended, even if Google doesn't want them.
First of all, once Google dropped "Do no evil"....yep, evil monopolist was born.And how can Google be an evil monopolist when it failed so spectacularly in social networking? Pichai talked about Google's inability to make Google Plus work, even with its unrivaled power in search and web browsers. Google's second attempt at building a social network got off to a strong start in 2011, but growth stalled along with Google's interest in the product
that hinges on whatever company being broken up actually being a monopoly, because monopolies are sub-optimal institutions for maximum growth and consumer/shareholder value.What's weird, and thus has always confused me, is that shareholders are likely to end up RICHER. In all cases of monopoly breakups in the past, the separate companies end up being worth more than the original conglomerate. Why resist?! Rockefeller became the richest man in history after the breakup of Standard Oil.
Yes, and so what ? Google needs to burn to learn. They clearly haven't learned any other way. They're arrogant monopolists, and they need to be taught a lesson the hard way, because the market clearly hasn't worked to keep them in check the normal ways.
Google and Chrome along with it, can burn in hell for all that I care.What? Google took over the W3C, and standardizes whatever it wants to implement in Chrome. That doesn't make it a good steward.
Depends on which AT&T you're talking about. For the Baby bells SBC (Southwestern Bell) and Bell Atlantic, who are the current day AT&T Inc and Verizon Corp, it worked out pretty well. For the Original American Telephone and Telegraph/AT&T Corp it ended pretty poorly, spinning off assets (Lucent, AT&T Wireless, NCR, AT&T Broadband) until they were bought by SBC who put on their skin. The original AT&T corp ceased to exist last year even as a subsidiary due to NY law not allowing conversion to an LLCGoogle should ask AT&T how it feels about being broken up. Seemed to work out fine for them
Because it dilutes power in exchange for wealth and some want both, or like the execs their wealth is contingent on being in charge of the powerful entity not a smaller oneWhat's weird, and thus has always confused me, is that shareholders are likely to end up RICHER. In all cases of monopoly breakups in the past, the separate companies end up being worth more than the original conglomerate. Why resist?! Rockefeller became the richest man in history after the breakup of Standard Oil.
Actually, history shows that after a big company is split, the baby companies end up worth more (and grow faster) than the prior beastYes, and so what ? Google needs to burn to learn. They clearly haven't learned any other way. They're arrogant monopolists, and they need to be taught a lesson the hard way, because the market clearly hasn't worked to keep them in check the normal ways.
Seems good for everyone except the execs and the googlers with fat stock options/shares and of course the associated adtech Ghouls. I don't cry for many of them. I even have some googler friends. Most have left at this point, or are planning on leaving. Google is soulless and dead inside mostly.
Something to do with how monopolies inherently stifle innovation from others and spend so much of their resources on maintaining that monopoly that they can't innovate even if they had cause to. Which, of course, they don't, because their customers have no choice but to pay them, so why spend money innovating to attract customers, when you already have a captive market?Actually, history shows that after a big company is split, the baby companies end up worth more (and grow faster) than the prior beast
Of course they will. They'll have to try to actually approach it."And at that point, Google would need to reevaluate how it approaches innovation."
Hahahahaha