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US Court Rules Google a Monopoly in 'Biggest Antitrust Case of the 21st Century'. (www.commondreams.org)

submitted 3 months ago* (last edited 3 months ago) by ModerateImprovement@sh.itjust.works to c/technology@lemmy.world

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Voice Of America: Google loses massive antitrust case over its search dominance.

The Conversation: A US Court has ruled Google is an illegal monopoly – and the internet might never be the same.

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[–] Kecessa@sh.itjust.works 0 points 3 months ago

Thing is we can't know for sure they're not abusing their power... Oh wait, we can in fact!

Game price is based on wanting a return on investment after a certain number of sales, the amount of money needed to make a profit is based on the development cost, every time someone in the distribution chain takes a cut the price increases. Valve takes a 30% cut and that's enough to have made their owner a billionaire, those billions come from money you and me and all other Steam users spent that we didn't need to.

It's the same logic as in any other market, the only difference is that other companies are trading publically so people get angry because their numbers are public and we can easily see that they're making billions in profit off of us to enrich investors, well with Valve there's only one investor.

And again, do we need to wait until they start acting in truly awful ways before we act on the fact that they control a majority of the market and are trying to increase their market dominance? Newell could die tomorrow and the company could then be made public and turn to shit, what then? "Dang, we should have done something while we had the chance I guess..."???