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Noah Peters
Noah Peters

Google’s Monopoly Threatens Economic And Political Competitors

Google monopoly AFP /Getty Images, Shutterstock/urbanbuzz

Two days after the 2016 election, Eric Schmidt, the CEO of Google’s parent company Alphabet, lamented how the “rise of misinformation and the ability to flood with digital information really can produce bad outcomes." He continued, “How people get their information, what they believe, what they don't, is, I think, the project for the next decade.” Given the timing of the remarks, Schmidt’s position as a top advisor to the Clinton campaign, and the fact that Google employees and executives contributed to Clinton over Trump by an 80 to 1 ratio, it’s fair to assume that the election results were one of the “bad outcomes” to which he was referring.