Google spent round $26.3 billion (roughly Rs 2,18,988 crores) in 2021 to stay the default search engine in a number of browsers, telephones and platforms, testimony within the US vs. Google antitrust trial has revealed. The determine got here out through the US Justice Division’s cross-examination of Google’s search head, Prabhakar Raghavan, studies The Verge. The $26.3 billion quantity was made public after a debate between the tech firm and Decide Amit Mehta over “whether or not the determine must be redacted”.
“Mehta has begun to push for extra openness within the trial typically, and this was one of the vital important new items of data to be shared brazenly,” the report talked about late on Friday.
In its newest quarterly earnings report this week, Google stated that its Search and different promoting revenues of $44 billion have been up 11 %, led once more by development in retail. YouTube promoting revenues of $8 billion within the quarter have been up 12 %, pushed by each model promoting and direct response. The corporate’s complete advert enterprise — which additionally contains YouTube adverts — made a bit beneath $90 billion in revenue within the final yr.
It signifies that Google is giving up about 16 % of its search income and about 29 % of its revenue to these distribution offers, the report talked about. The New York Instances just lately reported that Google’s deal to be the default search engine in Apple Safari throughout Google merchandise price the corporate about $18 billion in 2021.
In the meantime, Alphabet and Google CEO Sundar Pichai is about to testify within the US vs Google anti-trust case on October 30, sharing his aspect of the story on how Google’s search is profitable owing to its personal innovation and never coping with the large corporations. Pichai will testify within the ongoing antitrust trial within the go well with introduced by the US Justice Division and a coalition of state attorneys basic.
— IANS
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