Liselotte Hägertz Engstam 🌏♦️’s Post

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Non-Executive Chair & Board Director | Advisor & Coach | Researcher & Author

A U.S. court declared Google a #monopolist, ruling its practice of paying to be the default search engine breaches antitrust laws. This decision challenges Google's 90% dominance in American search queries and could lead to significant changes in the tech industry. Competitors like Apple and AI-powered search engines such as upcoming OpenAI SearchGPT may benefit, offering advanced alternatives as users reconsider their default choices. However, OpenAI must avoid monopolistic behaviors themselves to prevent regulatory scrutiny by ensuring transparency, data privacy, and fostering competition. This decision marks a major victory for the Department of Justice against #bigtech dominance. Implications for corporate boards are to proactively address compliance with antitrust and competition #laws, delicately balance and prioritize #faircompetition, ensure to #diversify #partnerships and #ecosystems, and guide their companies to #innovate. How do you ensure your business practices promote fair competition and innovation while avoiding actions from you or dependent partners that could be perceived as monopolistic? #strategy #ecosystem #innovation (https://lnkd.in/dHcPsEy6)

A court says “Google is a monopolist.” Now what?

A court says “Google is a monopolist.” Now what?

economist.com

Vanessa N.

Board Member | Advisory Board Member | NED - Non Executive Director | Sustainability - ESG | D& I | Circular Economy | Audit | Investigations | ERM | Governance | Finance | Cyber Risk | Compliance | Internal Controls

5mo

Great news and very valuable points!

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