Alphabet Inc. (GOOGL) and its Google are playing scapegoat this Sunday.
The tech giant is expected to be the focus of a 60 Minutes segment on Sunday, May 20, titled "The Power of Google." The segment will focus on "critics who say the company has stifled competition, and an antitrust enforcer who is taking action."
The notion that in 2018 these "exposés" are still coming to light is nothing short of ridiculous. Of course these companies are monopolies. It's dumb to have ever thought any differently. Google and its parent company Alphabet are taking the heat for a phenomenon that implicates nearly every big tech company, including Microsoft Corp. (MSFT) , Amazon.com Inc. (AMZN) , Apple Inc. (AAPL) and Facebook Inc. (FB) . They're all monopolies, but they've become so in a smart and savvy way.
Imagine attempting to create an alternative to Amazon today. Even if you had the best backing from the best venture capitalists and the best value-adding ideas, trying to dethrone Amazon and its CEO Jeff Bezos would be like David versus Goliath, but with a much different ending.