• bitcoinBitcoin(BTC)$79,839.00-0.21%
  • ethereumEthereum(ETH)$2,494.150.60%
  • tetherTether(USDT)$1.00-0.01%
  • binancecoinBNB(BNB)$748.23-3.58%
  • rippleXRP(XRP)$1.41-0.73%
  • usd-coinUSDC(USDC)$1.000.00%
  • solanaSolana(SOL)$106.492.37%
  • tronTRON(TRX)$0.3351900.32%
  • Figure HelocFigure Heloc(FIGR_HELOC)$1.064.97%
  • zcashZcash(ZEC)$1,215.7317.60%
  • HyperliquidHyperliquid(HYPE)$87.902.66%
  • dogecoinDogecoin(DOGE)$0.089252-4.41%
  • RainRain(RAIN)$0.016825-1.60%
  • moneroMonero(XMR)$531.56-2.05%
  • USDSUSDS(USDS)$1.000.04%
  • chainlinkChainlink(LINK)$12.332.16%
  • whitebitWhiteBIT Coin(WBT)$73.55-0.02%
  • leo-tokenLEO Token(LEO)$9.330.88%
  • cardanoCardano(ADA)$0.219132-1.10%
  • stellarStellar(XLM)$0.184275-0.37%
  • bitcoin-cashBitcoin Cash(BCH)$256.69-0.87%
  • daiDai(DAI)$1.00-0.01%
  • uniswapUniswap(UNI)$7.205.00%
  • Ethena USDeEthena USDe(USDE)$1.000.00%
  • CantonCanton(CC)$0.109227-0.97%
  • USD1USD1(USD1)$1.000.01%
  • litecoinLitecoin(LTC)$54.12-1.22%
  • the-open-networkGram (prev. Toncoin)(GRAM)$1.42-0.54%
  • hedera-hashgraphHedera(HBAR)$0.080623-0.63%
  • avalanche-2Avalanche(AVAX)$7.630.17%
  • suiSui(SUI)$0.80-1.07%
  • Global DollarGlobal Dollar(USDG)$1.00-0.02%
  • shiba-inuShiba Inu(SHIB)$0.000005-2.00%
  • nearNEAR Protocol(NEAR)$2.385.50%
  • paypal-usdPayPal USD(PYUSD)$1.000.02%
  • BlackRock USD Institutional Digital Liquidity FundBlackRock USD Institutional Digital Liquidity Fund(BUIDL)$1.000.00%
  • crypto-com-chainCronos(CRO)$0.0574340.91%
  • tether-goldTether Gold(XAUT)$4,420.40-0.16%
  • Circle USYCCircle USYC(USYC)$1.140.00%
  • MemeCoreMemeCore(M)$1.120.48%
  • BittensorBittensor(TAO)$259.0710.09%
  • Ripple USDRipple USD(RLUSD)$1.000.01%
  • okbOKB(OKB)$113.68-0.20%
  • Ondo US Dollar YieldOndo US Dollar Yield(USDY)$1.150.02%
  • aaveAave(AAVE)$133.420.06%
  • AsterAster(ASTER)$0.76-3.09%
  • mantleMantle(MNT)$0.603.29%
  • pax-goldPAX Gold(PAXG)$4,424.83-0.22%
  • OndoOndo(ONDO)$0.3783902.79%
  • MorphoMorpho(MORPHO)$2.624.96%
TradePoint.io
  • Main
  • AI & Technology
  • Stock Charts
  • Market & News
  • Business
  • Finance Tips
  • Trade Tube
  • Blog
  • Shop
No Result
View All Result
TradePoint.io
No Result
View All Result

Verizon didn’t solicit bids before inking Google search engine deal, executive testifies

September 18, 2023
in Business
Reading Time: 9 mins read
A A
Verizon didn’t solicit bids before inking Google search engine deal, executive testifies
ShareShareShareShareShare

A top Verizon executive testified Monday that the company did not seek other bids before sealing a recent deal for Google to be the default search engine on its mobile phones.

The Justice Department questioned Brian Higgins, a longtime Verizon executive who helped negotiate the company’s deals with Google from 2017 to 2003, to kick off the second week of the Big Tech firm’s landmark antitrust trial.

YOU MAY ALSO LIKE

Lululemon billionaire founder Chip Wilson files for divorce after 20 years of marriage — with no prenup in place

Marmalade Cafe files for Bankruptcy after closing Calabasas location

“I’m not aware of us soliciting bids,” Higgins said on the stand, according to Bloomberg.

He did not say why Verizon had not opened the bidding process to other companies, such as Microsoft.

Higgins’ testimony could support a key argument for the feds, who have asserted that Google pays top dollar to secure crucial default status for its search engine and drive more users to its platform – and away from rivals.


Verizon executive Brian Higgins testified on Monday.
Neilson Barnard

The DOJ previously said Google spends more than $10 billion per year on deals with mobile carriers such as Verizon and phone makers like Apple to dominate the online search marketplace and gain an undue edge.

Google, meanwhile, has denied engaging in anticompetitive business practices while arguing that the quality of its search engine, not its top-dollar deals with partners, have allowed it to build an online behemoth.

“To the best of my knowledge, I believe it is pre-installed all the time,” Higgins added on the stand, referring to Google’s search engine on Verizon mobile devices.

While Higgins testified for approximately three hours, only a small portion of his time on the stand was made public.


Google
Google is facing the largest antitrust trial in more than two decades.
Getty Images

The rest took place during a closed session because it was related to confidential information about Google’s current deal with Verizon. The DOJ has taken issue with the extent of the redactions.

At one point in Monday’s proceedings, federal attorney David Dahlquist pointed to a specific document that contained details about Google’s advertising pricing as an example of the type of information that should be made public.

“This satisfies public interest because it’s at the core of the DOJ case against Google,” Dahlquist said.

Google attorney John Schmidtlein argued that any information on pricing strategy should be kept behind closed doors.

During Monday’s session, the court also kicked off questioning of Google executive Jerry Dischler, who oversees advertising products at the company.

Last week, Antonio Rangel, a behavioral economist and professor at the California Institute of Technology, testified that Google’s default status on an array of devices is a powerful tool for the company and its ability to lure users.


DOJ
Department of Justice lawyer Kenneth Dintzer is pictured.
AP

“Search engine defaults generate a sizable and robust bias towards the default,” Rangel said. “Defaults have a powerful impact on consumer decisions.”

Rangel also shot down an argument by Google users could easily switch their default search engine, telling the court that it took 10 steps for the owner to switch Google for Microsoft’s Bing.

“That is considerable choice friction,” Rangel said.

The outcome of the antitrust trial will have major implications for Google and ripple effects for the tech industry as a whole.

Depending on the outcome, US District Judge Amit Mehta, who will decide the case, could order Google to be broken up or to discontinue specific business practices.

With Post wires

Credit: Source link

ShareTweetSendSharePin

Related Posts

Lululemon billionaire founder Chip Wilson files for divorce after 20 years of marriage — with no prenup in place
Business

Lululemon billionaire founder Chip Wilson files for divorce after 20 years of marriage — with no prenup in place

September 6, 2026
Marmalade Cafe files for Bankruptcy after closing Calabasas location
Business

Marmalade Cafe files for Bankruptcy after closing Calabasas location

September 5, 2026
Lululemon shares plunge 18% as retailer slashes outlook ahead of CEO handoff
Business

Lululemon shares plunge 18% as retailer slashes outlook ahead of CEO handoff

September 4, 2026
America’s population of 401(k) millionaires hits record high
Business

America’s population of 401(k) millionaires hits record high

September 4, 2026
Next Post
Dollar Drills Down Oil Prices

Dollar Drills Down Oil Prices

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
FDA panel recommends controversial treatments

FDA panel recommends controversial treatments

September 6, 2026
French tourism industry dealing with the impact of wildfires

French tourism industry dealing with the impact of wildfires

August 31, 2026
Frustrations grow over police shooting in Wisconsin

Frustrations grow over police shooting in Wisconsin

September 5, 2026

About

Learn more

Our Services

Legal

Privacy Policy

Terms of Use

Bloggers

Learn more

Article Links

Contact

Advertise

Ask us anything

©2020- TradePoint.io - All rights reserved!

Tradepoint.io, being just a publishing and technology platform, is not a registered broker-dealer or investment adviser. So we do not provide investment advice. Rather, brokerage services are provided to clients of Tradepoint.io by independent SEC-registered broker-dealers and members of FINRA/SIPC. Every form of investing carries some risk and past performance is not a guarantee of future results. “Tradepoint.io“, “Instant Investing” and “My Trading Tools” are registered trademarks of Apperbuild, LLC.

This website is operated by Apperbuild, LLC. We have no link to any brokerage firm and we do not provide investment advice. Every information and resource we provide is solely for the education of our readers. © 2020 Apperbuild, LLC. All rights reserved.

No Result
View All Result
  • Main
  • AI & Technology
  • Stock Charts
  • Market & News
  • Business
  • Finance Tips
  • Trade Tube
  • Blog
  • Shop

© 2023 - TradePoint.io - All Rights Reserved!