You must be logged in to post Login


Lost Your Password?

Search Forums:


 






Minimum search word length is 4 characters – Maximum search word length is 84 characters
Wildcard Usage:
*  matches any number of characters    %  matches exactly one character

Google NOT a Monopoly

No Tags
UserPost

12:42 pm
September 11, 2012


Lena Gott

United States

Member

posts 252

Interesting read. Brazilion Court Finds That Google Is NOT a Monopoly  

Arguments from both sides make sense, but I agree with the ruling.  Nobody makes me use Google.  But they do get most of my personal browsing traffic.  I couldn't even break my habit after they vaporized my Suite101 income stream.  But why should Google be punished for being so good at what they do?     

~ Lena ~

Please link up your best post each week to Budget-Friendly Mondays! Inaugural edition is accepting submissions through December 12th. After that, each subsequent link up will open on Sundays at 6 p.m. and close Thursdays at 9 p.m. EST.

 

Challenger Site: WhatMommyDoes

My Other Baby: Taxes and Stuff  

Twitter: @WhatMommyDoes and @Lena Gott 

8:50 pm
September 11, 2012


KyleAAA

Atlanta, GA

Member

posts 75

It's a complex case, although I personally think Google is, in fact, a monopoly. A company doesn't have to be the only alternative in order to be a monopoly, they just have to abuse their market position, which I think they clearly do. Ask an ecommerce site owner what they think about Google's shopping results. Yeah people could use Bing or Yahoo, but they don't. Google unfairly takes advantage of that to muscle its way into everybody else's pocket. It's really no different than what Microsoft used to do in the 90's when they got smacked down. Go figure.

Thanks for posting the link.

Blog: Amateur Asset Allocator

Twitter: KyleAAA

Facebook: AAA@Facebook

9:34 pm
September 11, 2012


Lena Gott

United States

Member

posts 252

hmmm, I see your point.  So you say it's more of an abuse of power issue versus absence of competition?  I still don't think adding a shopping component to its own search results constitutes unfair business practices.  It's just smart business.  To me, it's like Target promoting the store brand over name brand products or adding a grocery section to catch people who used to only come for furniture.  Google dominating the online web search space is also not the same as a power company that charges too much because there aren't any other options available.  Just for kicks, I looked up a standard definition of monopoly.  According to the Investopedia definition, Google would be a monopoly because it dominates the market.  But it doesn't match the other characteristics that turn "monopoly" into a bad word.   

Not trying to argue – just wanted to put that out there.  Cool    

~ Lena ~

Please link up your best post each week to Budget-Friendly Mondays! Inaugural edition is accepting submissions through December 12th. After that, each subsequent link up will open on Sundays at 6 p.m. and close Thursdays at 9 p.m. EST.

 

Challenger Site: WhatMommyDoes

My Other Baby: Taxes and Stuff  

Twitter: @WhatMommyDoes and @Lena Gott 

5:18 am
September 12, 2012


MoneyBeagle

Member

posts 1466

Google also poured money and resources into building the tools that they have, so it's not out of line that they reap the rewards of their investment.  Microsoft and Yahoo were both around before Google and had they done it first or done it better or kept up with Google, then Google might not have the authority it does today.  Nobody 'stopped' Microsoft, Yahoo, or others from doing it.  Except maybe themselves. 

Member Site: Money Beagle

Visit Money Beagle    -    Email    -    Twitter    -   Facebook    -  Google+

7:09 am
September 12, 2012


JT_McGee

Member

posts 723

I tend to think that Google is a monopoly, but I think it's one that is earned. Peter Thiel says the same thing; creating a search engine with the power of Google would cost (in his estimate) something like $20 billion.

 

A lot of companies are monopolies. Most people just do not recognize it. Coca-Cola has a virtual monopoly on soft drink distribution. If you own a soft drink company, you'd be smarter to sell it to Coke, which has the distribution to make it more profitable. You might say that Pepsi makes it a duopoly, but Pepsi's distribution isn't nearly as good. UPS and Fedex are a duopoly, and no one will ever take down either business.

 

Fair Isaacs has a virtual monopoly, as it has probably the strongest brand in all of finance. Again, an earned monopoly. The TI-83 calculator is a monopoly, one that was earned by a better product and integration into every math textbook/classroom on the planet. Texas Instruments will sell $100 calculators with 1994 technology for as far as the eye can see – and no one will challenge it.

 

So, yeah, Google is a monopoly because the amount of resources necessary to topple it would guarantee a negative economic return. That doesn't necessarily make it a bad company.

JT McGee – MoneyMamba

URL: MoneyMamba.com 

Twitter: @JT_McGee

Recent Post: Are We Halfway Through Our Lost Decade? (4 Charts Inside)

8:02 am
September 12, 2012


KyleAAA

Atlanta, GA

Member

posts 75

Post edited 8:08 am – September 12, 2012 by KyleAAA


Lena Gott said:

 I still don't think adding a shopping component to its own search results constitutes unfair business practices.  It's just smart business. 

 

I would agree except Google scrapes other sites in order to provide some of their content. The shopping thing is a prime example. It's like if somebody scraped your entire site, threw up advertising, and then started getting 80% of the traffic YOU used to get. That's what Google actually does in some cases. Why would anybody click through to your site when they could get all your content from Google at the top of the search results? You'd never make a sale even though YOU are the one who went to the time and expense to build the ecommerce store to begin with. 

Also, this is a pretty big conflict of interest IMO:

Reuters story

It would be hard to argue Google doesn't cause harm to consumers with some of their business practices.

Blog: Amateur Asset Allocator

Twitter: KyleAAA

Facebook: AAA@Facebook

8:54 am
September 12, 2012


Sustainable PF

Member

posts 2759

It can be argued that Coca Cola can't really ruin millions of businesses on a whim.

Visit us at Sustainable Personal Finance

Or Earth and Money

Follow us on Facebook, Twitter and RSS!

1:04 pm
September 12, 2012


Lena Gott

United States

Member

posts 252

KyleAAA said:

Lena Gott said:

 I still don't think adding a shopping component to its own search results constitutes unfair business practices.  It's just smart business.  

I would agree except Google scrapes other sites in order to provide some of their content. The shopping thing is a prime example. It's like if somebody scraped your entire site, threw up advertising, and then started getting 80% of the traffic YOU used to get. That's what Google actually does in some cases. Why would anybody click through to your site when they could get all your content from Google at the top of the search results? You'd never make a sale even though YOU are the one who went to the time and expense to build the ecommerce store to begin with. 

Also, this is a pretty big conflict of interest IMO:

Reuters story

It would be hard to argue Google doesn't cause harm to consumers with some of their business practices.

How do they steal a shopping site's traffic?  Do they do it just for mass produced products?  I guess I'm not familiar with this. For instance, I don't see how they would have scraped my custom jewelry design business website and benefited from the sales.  I made unique products.  I suppose you mean they take the content and insert their own product results?

~ Lena ~

Please link up your best post each week to Budget-Friendly Mondays! Inaugural edition is accepting submissions through December 12th. After that, each subsequent link up will open on Sundays at 6 p.m. and close Thursdays at 9 p.m. EST.

 

Challenger Site: WhatMommyDoes

My Other Baby: Taxes and Stuff  

Twitter: @WhatMommyDoes and @Lena Gott 

1:11 pm
September 12, 2012


Edward Antrobus

Fort Collins, CO

Member

posts 1008

Sustainable PF said:

It can be argued that Coca Cola can't really ruin millions of businesses on a whim.

Not as they currently run things, but in theory, Coke could compile a list of of the best retailers to buy Coca Cola products. Having a top spot on that list could result in millions of dollars of extra revenue. Companies would come to rely on it to stay in business. Firms would be set up to help retailers tweak their standing on the list. And then Coke could decide to use a different method for ranking retailers to make sure that buyers were being directed to the stores with the best experience. Millions would be lost; people would go out of business. And Coke would get bad press for taking advantage of their power over retailers and ruining lives.

 I'm looking for editors, beta-readers, and some demographic research for my upcoming novel, Once Upon a Saturn Moon. If you like reading soft sci-fi thrillers, maybe with a touch of romance thrown in, you can find more information at http://seampublishing.com/once…..aturn-moon

If You Can Read, You Can Cookhttp://www.ifyoucanread.com | Think you can't cook? If you can read this sentence, then you can.

SEAM Publishinghttp://www.seampublishing.com | eBook formatting and publishing service

3:27 pm
September 12, 2012


Sustainable PF

Member

posts 2759

Edward Antrobus said:

Sustainable PF said:

It can be argued that Coca Cola can't really ruin millions of businesses on a whim.

Not as they currently run things, but in theory, Coke could compile a list of of the best retailers to buy Coca Cola products. Having a top spot on that list could result in millions of dollars of extra revenue. Companies would come to rely on it to stay in business. Firms would be set up to help retailers tweak their standing on the list. And then Coke could decide to use a different method for ranking retailers to make sure that buyers were being directed to the stores with the best experience. Millions would be lost; people would go out of business. And Coke would get bad press for taking advantage of their power over retailers and ruining lives.

I doubt there are THAT many retailers that would sink entirely if Coke decided to cut them out.  They sell other products that Coke has no real influence over.  Google on the other hand affects web based businesses entirely.  Bing and Yahoo – well, check your SE traffic.  Google cuts you out and you have little chance of maintaining a healthy web based business as the majority of your clients will never find you and you don't exactly have a bunch of other products that will be found.  Coke can cut out a store from distribution and people can still find the store – not the same with Google monopoly.

Visit us at Sustainable Personal Finance

Or Earth and Money

Follow us on Facebook, Twitter and RSS!

3:46 pm
September 12, 2012


Edward Antrobus

Fort Collins, CO

Member

posts 1008

Sustainable PF said:

I doubt there are THAT many retailers that would sink entirely if Coke decided to cut them out.  They sell other products that Coke has no real influence over.  Google on the other hand affects web based businesses entirely.  Bing and Yahoo – well, check your SE traffic.  Google cuts you out and you have little chance of maintaining a healthy web based business as the majority of your clients will never find you and you don't exactly have a bunch of other products that will be found.  Coke can cut out a store from distribution and people can still find the store – not the same with Google monopoly.

SEAM Publishing gets most of its traffic from referrals, but I get your point. But getting back to Lena's original point, can a company really be blamed for people using it?

 I'm looking for editors, beta-readers, and some demographic research for my upcoming novel, Once Upon a Saturn Moon. If you like reading soft sci-fi thrillers, maybe with a touch of romance thrown in, you can find more information at http://seampublishing.com/once…..aturn-moon

If You Can Read, You Can Cookhttp://www.ifyoucanread.com | Think you can't cook? If you can read this sentence, then you can.

SEAM Publishinghttp://www.seampublishing.com | eBook formatting and publishing service

9:53 pm
September 12, 2012


Filamwords.com

Member

posts 9

I agree that Google is somewhat taking advantage of their market power and bullying blogs and websites online. Even though there are competition (like Yahoo and Bing), they come nowhere close to the number of Google users.  For online marketers, relying on Google traffic alone is a very dangerous proposition that's why the key is to diversify as much as we can.

website: Filamwords.com – frugal lifestyle and finances of a Fil-Am couple

Like us in Facebook: Fil-Am Words

Follow Us in Twitter: @Filamwords

7:45 am
September 14, 2012


JT_McGee

Member

posts 723

Most websites exist to serve Google's traffic. Demand Media, for example, is merely a supplier to Google. Google naturally has the ability to destroy its suppliers if it picks a new one. Any Fortune 500 company could probably kill off hundreds of businesses if it made a simple change to its suppliers. 

 

I'm not sure the ability to kill off suppliers makes a monopoly.

JT McGee – MoneyMamba

URL: MoneyMamba.com 

Twitter: @JT_McGee

Recent Post: Are We Halfway Through Our Lost Decade? (4 Charts Inside)

No Tags

About the Yakezie.com Forum

Forum Timezone: America/Los_Angeles

Forum Stats:

Groups: 2
Forums: 9
Topics: 6383
Posts: 84794

Membership:

There are 13651 Members
There have been 20 Guests

There are 9 Admins
There are 8 Moderators

Top Posters:

My Personal Finance Journey – 3159
Khaleef @ KNS Financial – 3149
Budgeting in the Fun Stuff – 3048
Sustainable PF – 2759
Miss T @ Prairie Eco-Thrifter – 2213
Eric – PersonalProfitability.com – 2120

Administrators: The College Investor (1935 Posts), Financial Samurai (1803 Posts), LaTisha @YoungFinances (1715 Posts), Forest Parks (1337 Posts), 20s Finances (1147 Posts), Money Reasons (697 Posts), Chris Johnson (78 Posts), Sydney at Untemplater (0 Posts), Suba (0 Posts)

Moderators: Suba @ Wealth Informatics (1876 Posts), sooverthis (1041 Posts), PK @ DQYDJ (361 Posts), jmichelsen (208 Posts), Ramona (13 Posts), JeremyNJohnson (4 Posts), Moderator (0 Posts), rackgeek (0 Posts)