Google's Monopoly Not Different From 'East India Company' Tactics, Claims Anupam Mittal: Here's Why
Take Stock Of The Week Ahead

Get all the latest Share Market trends and news to set you up for the week ahead.

In a bold critique of Google, Shaadi.com’s CEO Anupam Mittal compares the tech giant’s dominance to the East India Company’s historical colonialism, accusing Google of imposing a hefty “Google Tax” on startups.

What Happened? In an interview with CNBC, Mittal condemns Google’s practices, stating they charge startups 20-50% for distribution and protection against competitors.

He criticizes Google for demanding 15-30% of revenue from apps on their Play Store, on top of significant advertising revenues. Google’s manipulation of search results to promote competitors, forcing companies to bid against themselves for visibility, particularly irks Mittal.

Highlighting Google’s recent introduction of the Google Play Billing System, Mittal argues that the changes are superficial and evade legal scrutiny. These changes could lead to additional charges of 11-29% on app revenues.

See also: Apple Requests Delay In India’s New USB-C Port Mandate: Here’s Why

Unfair pressure? He sees this as Google’s way of pressuring app developers to use their services, thereby creating an unfair marketplace by charging fees much higher than the services’ actual cost.

Mittal, voicing his concern on X, equates Google’s approach to a “Digital East India Company,” exploiting startups similar to colonial practices. Despite the Competition Commission of India’s penalties against Google, Mittal fears that Google’s vast resources could delay justice, particularly affecting smaller startups. This parallel draws attention to the need for regulatory intervention to level the playing field in the digital marketplace.

Read next: Hero Motocorp Partners With Ather Energy To Offer ‘World’s First Interoperable Fast-Charging Network’

Don't miss a beat on the share market. Get real-time updates on top stock movers and trading ideas on Benzinga India Telegram channel.

Comments
Loading...