![]() AT&T Is a MonopolyĪT&T, a telecommunications company, broke antitrust rules in 1982 when it was the exclusive supplier of telephone services throughout the United States. Genting Highlands Casino in Malaysia possessed a unique patent for legalized casinos and enjoyed a legal monopoly in Malaysia for many years. During the patent term, no other company may exploit the invention for its objectives. Patents grant a company a legal monopoly, although for a limited time. The Company has evolved into a web of interconnected services such as maps, Gmail, search engines, etc. ![]() The most prominent web search engine controls more than 70% of the market with its secret algorithm. Google has become a household brand, and if we don’t know the answer, we can probably get it by googling. In reality, the corporation has a monopoly in various other markets worldwide. As a result, Google is without a doubt one of the world’s most powerful monopolies. Smaller marketers lag because they do not have the same level of customer data as Google. It generates a good amount of cash by harvesting user data, tracking our online activity, and displaying advertisements based on our search history and location. Google makes most of its money from advertising, as seen by its control of 60% of worldwide advertising revenue. Its competitors are Microsoft and Yahoo, but they have a relatively tiny market share and decline. Without Google, it is impossible to imagine the internet layout. Google is indeed an example of a monopoly ![]() The Company is so large that it has been recently charged with influencing users’ attitudes toward the way elections are fought and swaying them in favor of a single individual or party. The company has surpassed all of its competitors, including Google+, Twitter, and others, with organic and inorganic growth in users and social media advertisers and acquisitions of other companies such as Whatsapp, Oculus Rift, and others. As a result, Facebook controls nearly the entire social media market.Īs a result, Facebook is a good illustration of a monopoly in the social media sector. It is considered a monopoly because it lacks direct rivalry from any competitor, has pricing power, and has a dominant user base worldwide.įurthermore, in 2014, it purchased WhatsApp, providing good rising competition to Facebook in the social media area. With the highest market share, Facebook is the market leader in social media. The social media market, which we don’t think is ripe for monopolization, is yet it is.
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