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US Court Rules Google a Monopoly in 'Biggest Antitrust Case of the 21st Century'.
(www.commondreams.org)
this post was submitted on 05 Aug 2024
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So because they're treating you right it's ok to put 70% of the market in the hands of a single person?
Just having a high market share isn't the issue. It's abusing that dominant market position that is.
Valve has been smart enough not to do that. Google, Amazon, Microsoft and the like haven't. In fact, Valve's competitors have been more anti-competitive than Valve.
ASML, who make EUV machines and other semiconductor tooling, is also in a dominant market position (way more dominant actually). Do you ever see calls to break them up? No. Because they haven't been abusing their power. They know that if they put a toe out of line, they'll be in trouble with regulators.
Google and the like have been able to act with impunity because the US protects them, to the detriment of their smaller companies and their citizens.
Really? Because they're part of the giants that determine game prices, pricing is based on everyone that takes a cut along the way, they take 30%, that's calculated into what games need to sell for, 30% is enough to make them billions in profit, billions in profit is money that came out of our pockets to go in Newell's pockets so he can own six yachts.
I swear if it was a public company people would be flipping out because their numbers would be public and the profit would be going to investors, but they're private and they only have one investor the profit goes to do that's perfectly fine I guess???
Antitrust is not about preventing big companies making money. It's about preventing specific practices by monopolies to restrict the free market and to abuse their users. Don't get me wrong, there's a ton I find morally objectionable with companies as big as Valve and people as rich as Gabe. We might agree on those issues. But this particular Google thing is about something else. And Valve is indeed different to most tech companies in that regard.
If you don't consider that a company taking billions out of our pockets and putting it in the pockets of a single person abuse then I don't know what to say.