ICYMI: Jim Cramer is asking all the right questions on the DC Court’s Google Search antitrust decision
Last week, Jim Cramer tackled the recent decision in the DOJ’s Google Search antitrust case on CNBC’s Squawk on the Street. Cramer brought up some important questions.
Question 1: Why can’t a company “with a superior product” promote its product to make it easy for consumers to reach?
Question 2: Why can’t a company charge others for valuable shelf space on their devices? “You can’t just ask Apple to give this away to whoever wants it!”
Question 3: Isn’t there robust search competition, especially with the advent of AI? “I have in my hand a SearchGPT prototype that Microsoft wants to put together. There are 200 pages devoted to there being no competitor and therefore you have to do this. Could this not be overridden by the events of July 25th, 2024 (SearchGPT announcement)?” Cramer also reminded everyone that “the government picked [other companies] as a winner in a different branch of commerce, and that’s not working out very well.” He added, “Maybe the government shouldn’t be picking anybody.”
Question 4: Is the government out to get tech firms? “I wonder, honestly, if there is a big ‘get-tech’ squad in the Justice Department?”
Question 5: What does targeting America’s most innovative companies mean for the US global competitiveness? “Does it play any role in the Justice Department that these are our finest companies?” “The companies that can rival China, if not beat China? Or is the worldwide need for strength with our companies never considered as a factor?”