What the new CEO of Google says about antitrust issues September 1, 2021 September 1, 2021 admin

The chief executive of Alphabet Inc. said Wednesday he is concerned that antitrust law could be stretched too far by tech giants that are using the Internet as a platform to sell advertising.

In an interview with The Associated Press, Eric Schmidt said the current rules are “very clear and quite clear” that when you are using an Internet service, you can’t just take advantage of that and try to sell ads on that.

He said that’s why Google and other companies like Amazon.com Inc. and eBay Inc. have made it clear they want to have the ability to monetize their ads on the Internet.

“It is very important that we recognize that there are other companies that are looking to monetization in the Internet, that have to be considered when they’re looking to take advantage,” Schmidt said.

“That’s what’s being debated.

Schmidt said Google will try to figure out what those “different” rules mean in the future. “

But there is a point in the history of the Internet where it becomes a monopoly, and it becomes so that a company can basically do whatever it wants to do, and that’s what we’re seeing.”

Schmidt said Google will try to figure out what those “different” rules mean in the future.

He called the current system “totally broken.”

The comments by Schmidt come at a time when the Justice Department is weighing whether to launch antitrust charges against Facebook Inc. for its use of a similar advertising platform to Google.

The government has long argued that Facebook is violating antitrust law by using a similar platform to make its own ads.

The government has not made a formal antitrust complaint against Facebook or any other company.

The DOJ and a group of tech companies filed an antitrust complaint in April against Facebook for using the advertising platform called “Like” to offer discounts to its users.

The companies also argued that the social network violated the Sherman Antitrust Act by making its ads more valuable than competitors’ ads on its platform.

Schmidt’s comments come a day after he called for the antitrust probe to be opened to all forms of online advertising.

The Associated Press