Google is trying to convince Congress that there’s competition in the search industry, but recent statistics show it owns 92% of the market – By Nick Bastone (Business Insider) / July 16 2019
Google is trying to make the case that there’s competition in the search industry before Congress on Tuesday, but the numbers aren’t looking in the tech giant’s favor.
Google is trying to make the case that there’s competition in the search industry, but the stats aren’t looking in the tech giant’s favor.
In his opening remarks before Congress on Tuesday, Adam Cohen, Google’s Director of Economic Policy, said that when it comes to search, consumers have choices.
“In our core search business, consumers can choose among a range of options: Bing, DuckDuckGo, Yahoo, and many more,” Cohen said. “Specialized search services are strong competitors, too, including companies like Amazon, eBay, Kayak, Travelocity, Yelp, and others.”
But recent statistics paint a different picture. According to StatCounter, Google accounts for over 92% of the search engine market share worldwide as of this June.
It’s closest competitor, Bing, accounted for just over 2.5% of the market.
— Julia Carrie Wong (@juliacarriew) July 16, 2019
Should Google want to convince Congress that it’s not engaging in anti-competitive practices, perhaps the company would bode better focusing on another part of its business — like hardware — in which it doesn’t have such a stranglehold.
On Tuesday, Google’s Cohen, as well as Facebook, Amazon, and Apple will all be testifying become Congress to field questions over whether their size and influence is problematic for competition within the broader tech industry.
The Congressional session, entitled “Online Platforms and Market Power, Part 2: Innovation and Entrepreneurship” can be watched here:
Adam Cohen, Google’s Director of Economic Policy Business Insider / Screenshot