Google: one of the largest monopolies in the world
Google is undoubtedly one of the largest and clearest monopolies in the world. In fact, the company monopolizes several different markets, including search and advertising. Bing, its closest search competitor, has just 2% of the market — hardly a significant threat to Google’s 90%.1 Google also controls about 60% of the global advertising revenue on the internet.
One of the primary reasons smaller advertisers cannot compete is because they don’t have the user data Google has. As noted by digital media expert Jonathan Taplin, “They know who you are, where you are, what you just bought, what you might want to buy. And so, if I’m an advertiser and I say, ‘I want 24-year-old women in Nashville, Tennessee, who drive trucks and drink bourbon,’ I can do that on Google.”
Indeed, what many fail to realize is that Google’s primary business is the harvesting of user data, and this data gathering goes far beyond what most people realize was even possible. Google catches every single thing you do online if you’re using a Google-based feature, and this data is then used to build powerful personality profiles that are sold for profit and used in a variety of different ways.
Google Has You Pegged
As previously reported by Gawker:2
“Every word of every email sent through Gmail and every click made on a Chrome browser is watched by the company. ‘We don’t need you to type at all,’ [Google co-founder Eric] Schmidt once said. ‘We know where you are. We know where you’ve been. We can more or less know what you’re thinking about.'”
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