{"id":29071,"date":"2024-08-09T23:56:00","date_gmt":"2024-08-09T15:56:00","guid":{"rendered":"https:\/\/www.granitefirm.com\/blog\/us\/?p=29071"},"modified":"2026-04-17T12:47:49","modified_gmt":"2026-04-17T04:47:49","slug":"apple-google-antitrust","status":"publish","type":"post","link":"https:\/\/www.granitefirm.com\/blog\/us\/2024\/08\/09\/apple-google-antitrust\/","title":{"rendered":"Why Apple plummeted by Google antitrust ruled a monopoly?"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/08\/09\/apple-google-antitrust\/#A_brief_overview_of_Google_antitrust_case\" >A brief overview of Google antitrust case<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/08\/09\/apple-google-antitrust\/#Judgment_content\" >Judgment content<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/08\/09\/apple-google-antitrust\/#It_is_unclear_what_the_subsequent_penalties_will_be\" >It is unclear what the subsequent penalties will be<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/08\/09\/apple-google-antitrust\/#Google_has_long_been_judged_to_be_a_monopoly_out_of_US\" >Google has long been judged to be a monopoly out of US<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/08\/09\/apple-google-antitrust\/#Apple_hitted_hard\" >Apple hitted hard<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/08\/09\/apple-google-antitrust\/#Apple_suffers_from_this_case\" >Apple suffers from this case<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/08\/09\/apple-google-antitrust\/#Google_spent_huge\" >Google spent huge<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/08\/09\/apple-google-antitrust\/#Account_for_one-fifth_of_Apples_net_profit\" >Account for one-fifth of Apple&#8217;s net profit<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/08\/09\/apple-google-antitrust\/#Worst-case_scenario_for_Apple\" >Worst-case scenario for Apple<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/08\/09\/apple-google-antitrust\/#Apples_dominance_proved_again\" >Apple\u2019s dominance proved, again<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/08\/09\/apple-google-antitrust\/#Googles_Preinstalled_Search_Bundling_banned\" >Google&#8217;s Preinstalled Search Bundling banned<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/08\/09\/apple-google-antitrust\/#Similar_case_Microsoft\" >Similar case: Microsoft<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/08\/09\/apple-google-antitrust\/#How_is_it_different_from_the_Microsoft_case\" >How is it different from the Microsoft case?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/08\/09\/apple-google-antitrust\/#Follow-up_observations\" >Follow-up observations<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/08\/09\/apple-google-antitrust\/#Related_articles\" >Related articles<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"A_brief_overview_of_Google_antitrust_case\"><\/span>A brief overview of Google antitrust case<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Judgment_content\"><\/span>Judgment content<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><a href=\"https:\/\/www.washingtonpost.com\/technology\/2024\/08\/05\/doj-google-monopoly-trial-judgment\/\" target=\"_blank\" rel=\"noreferrer noopener\">On August 5, 2024, in a 286-page judgment, the U.S. Federal Court decided to support the Department of Justice\u2019s claim and determined that Google paid fees to operating system operators to make the Google search engine the system browser default setting.<\/a> behavior violated antitrust laws. This is also the first time the U.S. government has won a major antitrust case in more than two decades. Of course, Google has also made it clear that it will appeal.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"It_is_unclear_what_the_subsequent_penalties_will_be\"><\/span>It is unclear what the subsequent penalties will be<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>&#8220;Google&#8217;s &#8216;search engine&#8217; business was found to have violated antitrust laws, but the ruling did not include any &#8216;remedial or punitive&#8217; measures for the behavior.&#8221; This means that it is unclear how the U.S. Department of Justice will implement the ruling. Whether it can be implemented for the global market; the impact on Google&#8217;s future business has yet to be completed.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Google_has_long_been_judged_to_be_a_monopoly_out_of_US\"><\/span>Google has long been judged to be a monopoly out of US<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Due to its vast range of products and services, it is no longer news that Google has been judged to be a monopoly outside the United States.<\/p>\n\n\n\n<p>Google&#8217;s presence in major countries around the world such as Europe, China, Japan, Germany, the United Kingdom, Russia, South Korea, Australia, India, and Turkey has previously been affected by various differences in search engines, mobile operating systems, mobile app stores, payments, etc. The company has committed monopolistic behavior on products or services; and has been judged, is being investigated, or fined.<\/p>\n\n\n\n<p><strong>Note<\/strong>: For a detailed discussion of Google\u2019s vast product line and services, see my post of &#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/06\/18\/consider-alphabet-if-you-can-buy-one-stock-only-to-retire-from-it\/\">Consider Alphabet if you can buy one stock only to retire from it? <\/a>&#8220;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Apple_hitted_hard\"><\/span>Apple hitted hard<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Apple_suffers_from_this_case\"><\/span>Apple suffers from this case<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The day after the news was confirmed, Apple&#8217;s stock price closed down 3% that day, a decline far greater than Alphabet&#8217;s drop of 2.8%. Why? (Please note: U.S. technology stocks all closed with sharp gains that day)<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Google_spent_huge\"><\/span>Google spent huge <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Court documents show that in the past ten years, the fees paid by Google have increased from billions of dollars to more than 26 billion U.S. dollars, the vast majority of which has been paid to Apple. Taking 2022 as an example, Google will pay Apple more than 26 billion U.S. dollars. It cost $20 billion to buy the default search engine position in Safari browser.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Account_for_one-fifth_of_Apples_net_profit\"><\/span>Account for one-fifth of Apple&#8217;s net profit<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>During the trial of this case, a Google witness inadvertently revealed that Google and Apple agreed that 36% of the money earned from search advertising on Apple devices must be returned to Apple. This probably explains why the money has grown so rapidly in recent years. Apple&#8217;s current annual revenue is approximately US$380 billion, and its net profit is approximately US$100 billion. Therefore, this expense accounts for one-fifth of Apple&#8217;s total annual net profit. Please note that this is net profit!<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Worst-case_scenario_for_Apple\"><\/span>Worst-case scenario for Apple<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Morgan Stanley said that as its key partner, Apple may lose as much as US$20 billion in high net profit income per year. Even if it is believed that Apple will find a solution to offset the potential losses caused by the exclusive payment, it is expected that this judgment may cause a 4-6% hit to Apple&#8217;s earnings per share in 2026.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Apples_dominance_proved_again\"><\/span>Apple\u2019s dominance proved, again<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The key to Google being found guilty of antitrust: the act of paying operating system operators to make the Google search engine the default setting of the system&#8217;s browser. Apple alone took away 77% of the $26 billion!<\/p>\n\n\n\n<p>But the question is why Google is willing to give 77% of the fee to Apple?<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Apple itself has announced: In the fourth quarter of 2023, Apple\u2019s active device installations have exceeded 2.2 billion.<\/li>\n\n\n\n<li>The Internet traffic, advertising, shopping, and spending power generated by users of Apple devices is much greater than that of other non-Apple devices.<\/li>\n<\/ul>\n\n\n\n<p>This once again proves the dominance of Apple\u2019s ecosystem!<\/p>\n\n\n\n<p><strong>Note <\/strong>1: The technical term for this expense supported by Google is called Traffic Acquisition Costs (TAC), which is Google&#8217;s main operating expense. The New York Times revealed: In 2022, Google\u2019s annual traffic acquisition cost will be US$300, with a compound annual growth rate of 18% in the past five years.<\/p>\n\n\n\n<p><strong>Note <\/strong>2: This fee paid by Google is included in the revenue of its service business by Apple, account for 25% of service revenue. This is one of the main reasons why Apple\u2019s service business annual revenue can hit new highs again and again, and it is adjusted every year. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Googles_Preinstalled_Search_Bundling_banned\"><\/span>Google&#8217;s Preinstalled Search Bundling banned<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>A US federal judge is expected to rule soon on Google&#8217;s pre-set search contract, potentially upending Alphabet&#8217;s annual revenue of over $26 billion, $20 billion of which goes to Apple. Alphabet and Samsung have similar contracts, though not on the same scale as Apple&#8217;s. This represents nearly a quarter of Alphabet&#8217;s operating income.<\/p>\n\n\n\n<p>The judge is likely to ban the exclusivity agreement but still allow some payments. Even so, Apple&#8217;s pre-tax profit could fall by as much as 7%, which is a positive for Alphabet.<\/p>\n\n\n\n<p>The downside, however, is that Google search traffic from Apple could plummet, potentially having a devastating negative impact on Alphabet&#8217;s profits.<\/p>\n\n\n\n<p><strong>Note<\/strong>: <a href=\"https:\/\/www.seroundtable.com\/google-apple-business-search-34933.html\" target=\"_blank\" rel=\"noopener\">According to court documents cited by the Search Engine Roundtable, &#8220;more than half (50%) of Google&#8217;s searches are conducted on Apple devices.<\/a>&#8221; Barron&#8217;s further reported that &#8220;more than half of Google searches in the United States come from Apple devices,&#8221; based on testimony in the Apple-Google antitrust case.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Similar_case_Microsoft\"><\/span>Similar case: Microsoft<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_is_it_different_from_the_Microsoft_case\"><\/span>How is it different from the Microsoft case?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The search engine at the center of this case is the core of Google. Almost all of the company&#8217;s products and services are deeply bound. If it is required to be split, execution will be extremely difficult-this is similar to Microsoft&#8217;s at the end of the last century. Monopoly cases are fundamentally different.<\/p>\n\n\n\n<p>Because Microsoft was not as large as it is today, its product line at that time was mainly based on the suite of software Office and the operating system Windows, plus server software and development tools; the degree of integration and binding between them was not large, and it was necessary to implement Splitting is easy.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Follow-up_observations\"><\/span>Follow-up observations<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Since the court&#8217;s current ruling on Google&#8217;s monopolistic behavior does not specify any penalties, the follow-up of the case remains to be determined. Including the following most important aspects:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Will it force search engines to be spun off from Google?<\/li>\n\n\n\n<li>Will Google&#8217;s current business model be required to change?<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"178\" height=\"100\" src=\"https:\/\/www.granitefirm.com\/blog\/us\/wp-content\/uploads\/sites\/2\/2024\/08\/goog-antitrust-Custom.jpg\" alt=\"Google antitrust\" class=\"wp-image-29072\"\/><figcaption class=\"wp-element-caption\">credit: Ideogram<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Related_articles\"><\/span>Related articles<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2026\/04\/16\/history-apple-stock-made\/\">The history Apple stock made<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/08\/12\/apple-tariff-crisis\/\">Apple&#8217;s Crisis Part 1: Apple Tariff Crisis Management Strategy Offers a Lesson for Business<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/09\/06\/apples-ai-lagging-behind\/\">Apple&#8217;s Crisis Part 2: Apple&#8217;s AI is seriously lagging behind<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/10\/20\/china-to-apple\/\">Apple&#8217;s Crisis Part 3: How important is China to Apple?<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/08\/10\/apple-top-three-crises\/\">Apple top three crises since its founding<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/11\/14\/apple-search-engine\/\">Apple search engine, the possibility and necessity to inhouse develop<\/a>&#8220;<\/li>\n\n\n\n<li><a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/10\/15\/search-engine-antitrust\/\">&#8220;Will Google&#8217;s search engine antitrust ruled out has big impact on Alphabet?&#8221;<\/a><\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/08\/09\/apple-google-antitrust\/\" target=\"_blank\" rel=\"noreferrer noopener\">Why Apple plummeted by Google antitrust ruled a monopoly?<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/12\/14\/willow-chip-rally\/\">Google&#8217;s Willow chip rally related quantum computing stocks. Is it justified?<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/06\/18\/consider-alphabet-if-you-can-buy-one-stock-only-to-retire-from-it\/\">Consider Alphabet if you can buy one stock only to retire from it? <\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/07\/20\/alphabets-urgent-crisis\/\" target=\"_blank\" rel=\"noreferrer noopener\">Alphabet\u2019s urgent crisis<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/03\/08\/monopolies-or-oligopolies\/\">How do monopolies or oligopolies work in the real world?<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/12\/16\/capital-alchemy-repurchase\/\">Apple&#8217;s multiple LT compound capital alchemy is repurchase, 41.9% shares reduced in 12 years<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/12\/18\/apple-repurchase\/\">Apple repurchase, Nvidia capital operation, Tesla, AI bubble, Willow quantum chip, this blog turns off comments<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/11\/22\/bet-on-dominant-player\/\">Bet on dominant player, don&#8217;t predict<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/05\/15\/oligopoly-enterprise\/\">The world&#8217;s most well-known oligopoly companies<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2022\/09\/13\/there-are-indeed-monopoly\/\" target=\"_blank\" rel=\"noreferrer noopener\">There are indeed monopoly in this world<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/03\/08\/monopolies-or-oligopolies\/\">How do monopolies or oligopolies work in the real world?<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/02\/23\/industries-with-moat\/\">Industries with moat and going downhill<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/06\/08\/tech-antitrust-governance\/\" target=\"_blank\" rel=\"noreferrer noopener\">Antitrust and governance faced by Chinese and American technology giants<\/a>\uff02<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/05\/21\/how-should-investors-view-companies-being-included-in-the-antitrust-investigation-list\/\" target=\"_blank\" rel=\"noreferrer noopener\">Investors should not afraid of antitrust investigation on your holdings<\/a>&#8220;<\/li>\n<\/ul>\n\n\n\n<p><em><strong>Disclaimer<\/strong><\/em><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><em>The content of this site is the author\u2019s personal opinions and is for reference only. I am not responsible for the correctness, opinions, and immediacy of the content and information of the article. Readers must make their own judgments.<\/em><\/li>\n\n\n\n<li><em>I shall not be liable for any damages or other legal liabilities for the direct or indirect losses caused by the readers&#8217; direct or indirect reliance on and reference to the information on this site, or all the responsibilities arising therefrom, as a result of any investment behavior.<\/em><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>From court document for Google antitrust, Taking 2022 as an example, Google will pay Apple more than 26 billion U.S. dollars. It cost $20 billion to buy the default search engine position in Safari browser.<\/p>\n","protected":false},"author":1,"featured_media":29072,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[189,1305,204],"tags":[2,97,95,3],"class_list":["post-29071","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-antitrust","category-diversified-conglomerate-group","category-moats-and-competitive-advantages","tag-aapl","tag-goog","tag-googl","tag-msft"],"_links":{"self":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts\/29071","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/comments?post=29071"}],"version-history":[{"count":24,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts\/29071\/revisions"}],"predecessor-version":[{"id":41710,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts\/29071\/revisions\/41710"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/media\/29072"}],"wp:attachment":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/media?parent=29071"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/categories?post=29071"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/tags?post=29071"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}