Google, which has a stranglehold on the internet advertising market along with Facebook, reported that its online ad revenue for the second quarter jumped 70 percent to $50.44 billion. Google’s video platform YouTube enjoyed an ad revenue jump of 83 percent last quarter, passing $7 billion.
At a recent hearing before the Senate Judiciary subcommittee on antitrust, app developers stated that they fear tech giants Apple and Google due to their reliance on the Masters of the Universe to reach smartphone users through their respective app stores.
The UK’s Competition and Markets Authority has been asked to investigate allegations that Google and Apple, which together control over 99 percent of the global market in smartphone operating systems, secretly colluded to stifle smartphone search engine competitors.
Tech giant Google has denied recent allegations that it made a secret deal with social media giant Facebook in order to dominate the online advertising market. The two companies control the online advertising market in a duopoly that Amazon is just beginning to take market share from.
The New York Times recently outlined the inner workings of a secret deal between Facebook and Google that allowed the companies to jointly dominate the online advertising market.
According to a recent lawsuit filed by ten state attorneys general, tech giants Facebook and Google agreed to “cooperate and assist one another” if they faced an investigation into their deal to work together in the online advertising market. Google and Facebook have turned the online advertising business into a duopoly that Amazon has only begun to work its way into. Internal documents included in a draft of the lawsuit use terms from the Star Wars films to describe the deal struck between the Masters of the Universe, including the term “Jedi Blue.”
The smartphone market has become a duopoly. Two companies, Apple and Google, have captured almost 99 percent of the global market for smartphone operating systems. Almost every new smartphone made today will either feature Google’s Android operating system, or Apple’s iOS.
Following the announcement of mass layoffs at HuffPost and BuzzFeed amongst others this week, journalists blamed the Google and Facebook duopoly on digital advertising.
The Wall Street Journal recently published an article titled “The Google-Facebook Duopoly Threatens Diversity of Thought,” finally acknowledging a point that Breitbart News has been stating for some time.
Google has once again overtaken Facebook as the number one traffic referrer in 2017.
The CEO of a popular advertising company has called Google a “dictator” in the ad market, criticizing the amount of power they have.
White House Chief Strategist Steve Bannon reportedly is calling for regulation on tech giants such as Google and Facebook.
According to the new PriceWaterhouseCoopers Entertainment and Media Global Outlook report, just five tech companies dominate nearly all online advertising. Of those five, three are primarily advertising in China.
