Google Exec Likens Company to 'Illicit Businesses'
The public is finally able to see an “embarrassing” document from its antitrust trial that speaks volumes about the company’s mindset.
Google has been working to keep documents out of the public record and keep some of the trial proceedings private out of fear of how the company will be portrayed. The DOJ has released one of the most “embarrassing” documents, labeled such by Judge Amit Mehta.
According to Bloomberg, by way of Ars Technica, the document was part of meeting notes created by Michael Roszak, Google’s VP of Finance.
Search advertising is one of the world’s greatest business models ever created — maybe Windows is on that same level as Christian and I discussed at dinner & there are certainly illicit businesses (cigarettes or drugs) that could rival these economics, but we are fortunate to have an amazing business.
Roszak’s notes also discuss Google’s unique position and its ability to ignore “the fundamental laws of economics,” implying that once users are hooked on search, the company only needs to focus on supplying that service.
Part of what has been so amazing about that is that we’ve essentially been able to ignore one of the fundamental laws of economics — businesses need to worry about supply and demand.
When talking about revenue, we could mostly ignore the demand side of the equation (users and queries) and only focus on the supply side of advertisers, ad formats, and sales.
Judge Mehta overruled Google’s objections, finding that the notes did not contain anything confidential.
“This doesn’t contain anything confidential,” Judge Mehta told Google. “I understand it’s somewhat embarrassing for the witness.”
The revelation illustrates the uphill battle Google faces, making its case that it is not an illegal monopoly.
-
Google Finally Launches AdWords App For iOSVerizon Introduces Next Generation Location ServiceGoogle Fails to Stop FullUK Reverses Course, Bans HuaweiEU's Renewed Push for Chat Control: A Deep Dive Into Privacy and SecurityIs Apple Working On Its Own Search Engine?IBM and AT&T Deepen Their 5G/Edge Computing PartnershipUS Among Countries With Slowest 5GAlice Paul Gets Google Doodle Tribute On 131st BirthdayUS Warns Brazil Over Looming Huawei Decision
Next article:You Can Now Hide Your Tumblr Blog from the Web
- ·Does Pinterest Have A Place In Your Search Budget?
- ·AT&T Joins T
- ·Universal Chooses Microsoft Azure For Live Action and Animation Productions
- ·Airbnb CEO: Every Crisis Should Lead To A New Point Of Innovation
- ·Zoe Saldana Shares Honest Truth About Being a New Mom to Twins
- ·Google Introduces Confidential Computing, a New Way of Encrypting Cloud Data
- ·Elected Officials Are Not Worried About The Little People, Says Landry’s CEO
- ·Foxconn Boss: China’s ‘Days As The World’s Factory Are Done’
- ·Microsoft Unveils $80 Billion AI Data Center Push to Bolster US Tech Dominance
- ·TSMC Flying High on Datacenter and Semiconductor Demand
- ·Amazon Extends Work From Home Policy
- ·Twitter is going to be like Blockbuster Video
- ·Microsoft Releases Bing Ads Tax eBook For Agencies
- ·Google Invests $450 Million In ADT, Forms Nest Partnership
- ·Fraunhofer HHI Announces New H.266 VCC Codec
- ·We Are Never Going To See A Return To The Old New York