Why Wall Street Is Celebrating Google's Monopoly Win

The stock market went absolutely wild after Judge Mehta basically gave Google a hall pass for running a search monopoly. Alphabet's stock shot up 9% in one day, adding $210 billion in market value. That's more money than most countries' entire GDP, just for not getting broken up.

$210 Billion in Monopoly Money

Alphabet Stock Price Surge

This wasn't relief pricing, it was celebration pricing. Wall Street knew Google was never going to get seriously punished, but they had to pretend there was risk. The moment the judge said "nah, they're fine," traders hit buy faster than Siri fails to understand simple commands.

Who got rich today:

  • Apple shareholders - their $20 billion Google bribery payments are safe
  • Institutional investors - who never really believed Google would get split up
  • Google employees - whose stock options just became worth a lot more

The judge's ruling was so toothless that analysts called it "pragmatic", which is corporate speak for "we got exactly what we wanted." Matt Britzman from Hargreaves Lansdown basically said the court chose "pragmatic remedies rather than scorched-earth tactics" - translation: Google keeps their monopoly, competitors keep getting screwed.

The AI Excuse That Everyone Bought

Judge Mehta pulled out the classic "but AI competition" argument, claiming that ChatGPT and other AI tools somehow make Google's search monopoly less problematic. Because apparently 10% of people occasionally using ChatGPT means Google doesn't control 90% of all search anymore.

This is like saying McDonald's doesn't have a monopoly on fast food because some people make salads at home. The judge bought Google's argument that AI chatbots are "genuine alternatives" to search, which shows he either doesn't understand how people actually use these tools or Google's lawyers are really good at their jobs.

Current data shows Google still holds 89.89% of global search market share, while ChatGPT accounts for maybe 9% of digital queries. That's not competition, that's Google allowing a small competitor to exist while they continue dominating the core search market.

The Apple Bribery Continues

The ruling explicitly allows Google to keep paying Apple $20 billion a year to be the default search engine on iPhones. You know, the exact same behavior that got them sued for monopoly practices in the first place.

Revenue streams that survived:

  • Apple's protection money - $20 billion annually for search default
  • Android manufacturer deals - Samsung, LG, etc. still locked into Google
  • Chrome distribution - because 65% browser market share isn't enough
  • YouTube ad integration - more ways to track you across their ecosystem

It's like being caught running an illegal casino and the punishment is "please don't have quite so many slot machines, but you can keep all the existing ones."

What This Actually Means for Tech Monopolies

This ruling basically tells every other tech monopoly: "Don't worry, we'll only make you promise to be nicer." Apple, Amazon, Meta, and Microsoft are all facing their own antitrust cases, and now they know the worst that'll happen is some paperwork and maybe a small fine.

The DOJ is suing Apple over smartphone monopoly, Meta over social media dominance, and has ongoing investigations into Amazon's marketplace practices. But after this Google ruling, why would any of these companies worry? The antitrust fight against Big Tech may already be over before it really started.

The DOJ came in demanding Google be broken up and left with the equivalent of a strongly worded email. Legal experts are calling this "measured approach to tech regulation," but developers and competitors know it's just regulatory capture with extra steps.

The precedent is set: as long as you're big enough and profitable enough, antitrust laws are really more like antitrust suggestions. Google's monopoly is now officially court-approved, and every other tech giant just got the blueprint for how to keep theirs too.

DuckDuckGo, Brave Search, and Bing are probably wondering why they even bothered trying to compete. The ruling essentially validates Google's search advertising revenue model while giving competitors table scraps. Competition experts warned this outcome would embolden other tech monopolies, and legal scholars are already calling it a missed opportunity for meaningful reform.

How Google Basically Got Away With Murder

Google just walked away from what should have been the biggest antitrust beatdown since Microsoft in the 90s. Judge Mehta decided that because AI chatbots exist, Google's search monopoly is somehow fine now.

It's like saying McDonald's can't be a fast food monopoly because fancy restaurants also serve food. The logic is fucking insane, but here we are.

What This Means for Apple, Amazon, and Meta

Every other tech giant just got a roadmap for dodging antitrust cases. All you need is to point at AI and say "but innovation!" and apparently judges will let you keep your monopoly.

Apple can keep their App Store racket because "but AI apps!" Amazon can keep crushing small businesses because "but AI recommendations!" Meta can keep buying competitors because "but AI social media!"

The precedent is crystal clear: if you're big enough and can say "AI" convincingly, antitrust law doesn't apply to you.

Europe Won't Be This Stupid

Meanwhile in Europe, regulators are probably laughing their asses off at American courts. The EU has actually been fining Google billions for years while US judges hand out gentle slaps on the wrist.

This ruling basically tells European regulators that America has given up on antitrust enforcement, so they'll have to do it themselves. Expect more €500 million fines and actual consequences from Brussels while Washington plays patty-cake with Big Tech.

The Real Winners and Losers

Google gets to keep milking their search cash cow while pretending to face "competition" from ChatGPT. Alphabet stock jumped 9% because investors know this means business as usual for at least another decade.

Apple keeps getting their $20 billion annual kickback for making Google the default iPhone search. DuckDuckGo, Bing, and every other search engine can go fuck themselves - they're not getting access to iOS users anytime soon.

Will Anyone Actually Fight This?

The DOJ might appeal, but let's be honest - legal experts are already calling this ruling a "watershed moment." Translation: Google won, everyone else lost, deal with it.

Any appeal will take years to reach the Supreme Court, and by then Google will have bought three more AI companies and locked in another decade of monopoly profits. Classic American justice - too little, too late, too bought-and-paid-for.

What Happens Next

Google immediately goes back to doing whatever they want while hiding behind "but AI competition!" The American consumer gets to keep paying monopoly prices for worse service, and Silicon Valley learns that antitrust law is basically optional if you're rich enough.

Meanwhile, European regulators are already drafting their next €10 billion fine for Google's DMA violations. At least someone still believes in competition law.

What This Google "Victory" Actually Means

Q

Wait, so Google gets to keep everything?

A

Pretty much, yeah. Judge Mehta basically said "nah, we're not breaking you up" and let Google keep Android, Chrome, and all their money-printing machines. They threw in some bullshit restrictions that probably won't change anything meaningful.

Q

Why did Google's stock go absolutely insane?

A

Wall Street was shitting bricks thinking Google might get chopped up. When the judge basically let them off with a parking ticket, investors went nuts. Stock jumped like 9% in one day

  • that's something like $200 billion added to their value. Fucking insane.
Q

How much money are we talking here?

A

Around $210 billion added to their market cap in one trading session. That's more than most countries' GDP. All because a judge decided not to actually punish a monopoly.

Q

What about that Apple bribery deal?

A

Oh that's still totally fine apparently. Google can keep paying Apple $20-something billion a year to be the default search engine. Because nothing says "competitive market" like paying your "competitor" billions to crush actual competition.

Q

Will the DOJ appeal this joke of a ruling?

A

They haven't said yet, but they'd be idiots not to. This ruling basically tells every other monopoly "just mention AI and you're golden." Expected some regulatory backbone, got wet tissue paper instead.

Q

How does this screw over other Big Tech cases?

A

Every other tech giant's lawyers are probably popping champagne right now. If Google can point at AI and avoid getting broken up, you bet Apple, Amazon, and Meta are taking notes. "But we're innovating!" will be the new "but my emails!"

Q

Why did the judge care about ChatGPT?

A

Judge Mehta basically said "look, ChatGPT exists, so Google has competition now!" Which is like saying McDonald's has competition because food trucks exist. Completely different products, but hey, it sounds good in court.

Q

Are there any actual restrictions?

A

They banned some "exclusive distribution agreements" which sounds scary but probably amounts to Google having to check different boxes on their forms. They get to keep all the stuff that actually makes them money.

Q

How does this compare to Europe actually doing something?

A

Europe's been dropping the hammer on tech companies with the DMA while America's apparently too scared to touch Google. Different continents, different spines.

Q

What does Google do with all this money they get to keep?

A

Probably throw more billions at AI and quantum computing while laughing at regulators. With $200+ billion flowing from search deals, they can outspend everyone else on R&D by orders of magnitude.

Q

Could this get overturned eventually?

A

Maybe if it reaches the Supreme Court, but knowing our luck they'll probably make it even worse. The incoming administration might have different priorities, or they might be just as toothless.

Q

How pissed are Google's competitors?

A

DuckDuckGo and other search engines are probably updating their resumes. When the government won't even break up an obvious monopoly, what hope do they have? At least AI is still somewhat competitive... for now.

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