最近,一名美國(guó)法官裁定谷歌(Google)違反了反壟斷法,原因是谷歌通過(guò)向蘋果(Apple)和三星(Samsung)等公司支付數(shù)百億美元,將谷歌搜索設(shè)為其設(shè)備和瀏覽器的預(yù)裝默認(rèn)選項(xiàng),來(lái)鞏固其在網(wǎng)絡(luò)搜索領(lǐng)域的非法壟斷地位。
然而,法官阿米特·梅塔(Amit Mehta)尚未就這一違法行為的解決方案或反壟斷術(shù)語(yǔ)中的 “補(bǔ)救措施”做出裁決。從理論上講,法官可能采取相對(duì)溫和的措施,比如讓谷歌與競(jìng)爭(zhēng)對(duì)手共享搜索數(shù)據(jù)。梅塔可以命令谷歌停止向蘋果等設(shè)備制造商支付費(fèi)用。但據(jù)彭博社的消息來(lái)源稱,司法部也在考慮“核選項(xiàng)”:分拆谷歌。
據(jù)報(bào)道,這可能意味著迫使谷歌剝離其安卓移動(dòng)操作系統(tǒng)或Chrome瀏覽器,這兩者都是谷歌搜索(超過(guò)90%的美國(guó)搜索查詢的首選工具)占據(jù)主導(dǎo)地位的核心所在。據(jù)報(bào)道,谷歌廣告平臺(tái)的剝離也在考慮之中。
不出所料,谷歌母公司Alphabet的投資者對(duì)彭博社的報(bào)道反應(yīng)冷淡。周三上午,股價(jià)下跌逾3%,隨后略有反彈。
如果不是因?yàn)橐患掖笮涂萍脊镜拇笠?guī)模分拆是前所未有的,而且難以想象,股價(jià)可能還會(huì)進(jìn)一步下跌。[幾年前,英國(guó)反壟斷監(jiān)管機(jī)構(gòu)確實(shí)迫使Meta放棄了對(duì)GIF存儲(chǔ)庫(kù)Giphy的收購(gòu),但Giphy(現(xiàn)在歸Shutterstock所有)并不是Meta的核心業(yè)務(wù)。]
不過(guò),大型科技公司分拆的想法并非沒(méi)有先例。
近25年前,微軟(Microsoft)也被認(rèn)定存在濫用壟斷地位的行為——當(dāng)時(shí)是在個(gè)人電腦操作系統(tǒng)市場(chǎng)。那時(shí)正值網(wǎng)絡(luò)迅速發(fā)展之際,微軟違反了反壟斷法,將自身的Internet Explorer瀏覽器與Windows捆綁在一起,以阻礙第三方瀏覽器的發(fā)展,比如馬克·安德森(Marc Andreessen)的Netscape Navigator。
地方法院下令將微軟拆分為一個(gè)Windows部門和一個(gè)處理微軟其他軟件(如Internet Explorer)的獨(dú)立部門。但微軟提出上訴并勝訴,至少在某種程度上,它不再面臨分拆作為補(bǔ)救措施的局面;最終,微軟在2001年結(jié)束了反壟斷訴訟:承諾允許制造商在Windows電腦上安裝其他操作系統(tǒng)和與微軟競(jìng)爭(zhēng)的軟件,而不會(huì)進(jìn)行報(bào)復(fù)。
微軟的僥幸逃脫——部分原因是法官在初審期間發(fā)表了不當(dāng)?shù)墓_聲明——意味著美國(guó)反壟斷史上最近一次大型企業(yè)拆分案例發(fā)生在40多年前,當(dāng)時(shí)電信巨頭美國(guó)電話電報(bào)公司(AT&T)被拆分為一家長(zhǎng)途電話運(yùn)營(yíng)商和七家所謂的“小貝爾”(Baby Bells)公司。
盡管大型科技公司從未經(jīng)歷過(guò)如此大規(guī)模的分拆,但時(shí)代正在改變。谷歌、蘋果和Meta等公司在全球范圍內(nèi)擁有空前的規(guī)模和實(shí)力,在股市中也扮演著舉足輕重的角色,而且有足夠的政治意愿來(lái)約束它們。美國(guó)司法部(DOJ)負(fù)責(zé)反壟斷事務(wù)的主管、激進(jìn)派喬納森·坎特(Jonathan Kanter)多年來(lái)一直主張,解決谷歌涉嫌違規(guī)行為的唯一方法是將其分拆——這一立場(chǎng)并未妨礙他在2021年底被任命為負(fù)責(zé)反壟斷事務(wù)的助理檢察長(zhǎng)。
分拆的影響將遠(yuǎn)遠(yuǎn)超出山景城的范圍
鑒于谷歌預(yù)計(jì)將對(duì)判決提出上訴,谷歌分拆的可能性仍然很低,而且如果維持原判,梅塔法官還將考慮許多不那么嚴(yán)厲的替代補(bǔ)救措施。
但萬(wàn)一梅塔法官同意采取資產(chǎn)剝離的方式,結(jié)果將是翻天覆地的。對(duì)于目前市值接近2萬(wàn)億美元的谷歌來(lái)說(shuō),這將是一場(chǎng)生存危機(jī)。
任何直接減少谷歌搜索業(yè)務(wù)收入的行為——搜索迄今為止仍是該公司最大的搖錢樹——都會(huì)造成傷害。雖然Chrome瀏覽器和安卓系統(tǒng)并不是明確的搜索產(chǎn)品,但它們都是與消費(fèi)者聯(lián)系的重要紐帶:Chrome瀏覽器占據(jù)了全球?yàn)g覽器市場(chǎng)近三分之二的份額,安卓系統(tǒng)在全球智能手機(jī)市場(chǎng)的份額略高。如果其中任何一款產(chǎn)品不再是谷歌的產(chǎn)品,谷歌就無(wú)法將消費(fèi)者引向其賺錢的服務(wù)(如搜索廣告)。
如果未來(lái)的消費(fèi)科技真像業(yè)界所說(shuō)的那樣以人工智能為中心,那么沒(méi)有安卓系統(tǒng)的谷歌也會(huì)發(fā)現(xiàn)自己在這一關(guān)鍵領(lǐng)域步履蹣跚。
就在本周,谷歌舉行了一場(chǎng)盛大的活動(dòng),展示了其最新的硬件產(chǎn)品陣容,其中包括谷歌Pixel智能手機(jī)。正如這次活動(dòng)所表明的那樣,這些設(shè)備以及更廣泛的第三方安卓硬件產(chǎn)品生態(tài)系統(tǒng),是谷歌人工智能雄心最重要的載體——如果沒(méi)有安卓系統(tǒng),谷歌顯然無(wú)法確保數(shù)十億人每天都能與其Gemini驅(qū)動(dòng)的聊天機(jī)器人和其他人工智能服務(wù)進(jìn)行互動(dòng)。(事實(shí)上,我們可以想象,谷歌利用安卓系統(tǒng)來(lái)推廣Gemini,這可能會(huì)引發(fā)未來(lái)美國(guó)或其他地方的反壟斷訴訟。)
谷歌分拆的影響也會(huì)遠(yuǎn)遠(yuǎn)超出山景城的范圍,因?yàn)楣雀杓捌湓S多同行也卷入了其他反壟斷案件,理論上可能導(dǎo)致類似結(jié)果。
美國(guó)司法部目前對(duì)谷歌提起了另一起訴訟,希望此案能導(dǎo)致谷歌被迫出售部分廣告技術(shù)業(yè)務(wù)。美國(guó)聯(lián)邦貿(mào)易委員會(huì)(The Federal Trade Commission)對(duì)Meta提起訴訟,旨在剝離Instagram和WhatsApp。美國(guó)聯(lián)邦貿(mào)易委員會(huì)還對(duì)亞馬遜(Amazon)提起了訴訟,一些專家表示,這可能導(dǎo)致這家電子商務(wù)巨頭的物流服務(wù)被剝離。
因此,就其發(fā)生的時(shí)機(jī)而言,谷歌在搜索業(yè)務(wù)方面的反壟斷敗訴,最終或許會(huì)成為大型科技公司遭受重創(chuàng)的轉(zhuǎn)折點(diǎn)。倘若該公司勝訴,這可能會(huì)成為一個(gè)先例,表明這些巨頭無(wú)法被壓制。毫無(wú)疑問(wèn),科技公司希望這一先例能夠在未來(lái)幾十年內(nèi)嚇退監(jiān)管機(jī)構(gòu)。(財(cái)富中文網(wǎng))
譯者:中慧言-王芳
最近,一名美國(guó)法官裁定谷歌(Google)違反了反壟斷法,原因是谷歌通過(guò)向蘋果(Apple)和三星(Samsung)等公司支付數(shù)百億美元,將谷歌搜索設(shè)為其設(shè)備和瀏覽器的預(yù)裝默認(rèn)選項(xiàng),來(lái)鞏固其在網(wǎng)絡(luò)搜索領(lǐng)域的非法壟斷地位。
然而,法官阿米特·梅塔(Amit Mehta)尚未就這一違法行為的解決方案或反壟斷術(shù)語(yǔ)中的 “補(bǔ)救措施”做出裁決。從理論上講,法官可能采取相對(duì)溫和的措施,比如讓谷歌與競(jìng)爭(zhēng)對(duì)手共享搜索數(shù)據(jù)。梅塔可以命令谷歌停止向蘋果等設(shè)備制造商支付費(fèi)用。但據(jù)彭博社的消息來(lái)源稱,司法部也在考慮“核選項(xiàng)”:分拆谷歌。
據(jù)報(bào)道,這可能意味著迫使谷歌剝離其安卓移動(dòng)操作系統(tǒng)或Chrome瀏覽器,這兩者都是谷歌搜索(超過(guò)90%的美國(guó)搜索查詢的首選工具)占據(jù)主導(dǎo)地位的核心所在。據(jù)報(bào)道,谷歌廣告平臺(tái)的剝離也在考慮之中。
不出所料,谷歌母公司Alphabet的投資者對(duì)彭博社的報(bào)道反應(yīng)冷淡。周三上午,股價(jià)下跌逾3%,隨后略有反彈。
如果不是因?yàn)橐患掖笮涂萍脊镜拇笠?guī)模分拆是前所未有的,而且難以想象,股價(jià)可能還會(huì)進(jìn)一步下跌。[幾年前,英國(guó)反壟斷監(jiān)管機(jī)構(gòu)確實(shí)迫使Meta放棄了對(duì)GIF存儲(chǔ)庫(kù)Giphy的收購(gòu),但Giphy(現(xiàn)在歸Shutterstock所有)并不是Meta的核心業(yè)務(wù)。]
不過(guò),大型科技公司分拆的想法并非沒(méi)有先例。
近25年前,微軟(Microsoft)也被認(rèn)定存在濫用壟斷地位的行為——當(dāng)時(shí)是在個(gè)人電腦操作系統(tǒng)市場(chǎng)。那時(shí)正值網(wǎng)絡(luò)迅速發(fā)展之際,微軟違反了反壟斷法,將自身的Internet Explorer瀏覽器與Windows捆綁在一起,以阻礙第三方瀏覽器的發(fā)展,比如馬克·安德森(Marc Andreessen)的Netscape Navigator。
地方法院下令將微軟拆分為一個(gè)Windows部門和一個(gè)處理微軟其他軟件(如Internet Explorer)的獨(dú)立部門。但微軟提出上訴并勝訴,至少在某種程度上,它不再面臨分拆作為補(bǔ)救措施的局面;最終,微軟在2001年結(jié)束了反壟斷訴訟:承諾允許制造商在Windows電腦上安裝其他操作系統(tǒng)和與微軟競(jìng)爭(zhēng)的軟件,而不會(huì)進(jìn)行報(bào)復(fù)。
微軟的僥幸逃脫——部分原因是法官在初審期間發(fā)表了不當(dāng)?shù)墓_聲明——意味著美國(guó)反壟斷史上最近一次大型企業(yè)拆分案例發(fā)生在40多年前,當(dāng)時(shí)電信巨頭美國(guó)電話電報(bào)公司(AT&T)被拆分為一家長(zhǎng)途電話運(yùn)營(yíng)商和七家所謂的“小貝爾”(Baby Bells)公司。
盡管大型科技公司從未經(jīng)歷過(guò)如此大規(guī)模的分拆,但時(shí)代正在改變。谷歌、蘋果和Meta等公司在全球范圍內(nèi)擁有空前的規(guī)模和實(shí)力,在股市中也扮演著舉足輕重的角色,而且有足夠的政治意愿來(lái)約束它們。美國(guó)司法部(DOJ)負(fù)責(zé)反壟斷事務(wù)的主管、激進(jìn)派喬納森·坎特(Jonathan Kanter)多年來(lái)一直主張,解決谷歌涉嫌違規(guī)行為的唯一方法是將其分拆——這一立場(chǎng)并未妨礙他在2021年底被任命為負(fù)責(zé)反壟斷事務(wù)的助理檢察長(zhǎng)。
分拆的影響將遠(yuǎn)遠(yuǎn)超出山景城的范圍
鑒于谷歌預(yù)計(jì)將對(duì)判決提出上訴,谷歌分拆的可能性仍然很低,而且如果維持原判,梅塔法官還將考慮許多不那么嚴(yán)厲的替代補(bǔ)救措施。
但萬(wàn)一梅塔法官同意采取資產(chǎn)剝離的方式,結(jié)果將是翻天覆地的。對(duì)于目前市值接近2萬(wàn)億美元的谷歌來(lái)說(shuō),這將是一場(chǎng)生存危機(jī)。
任何直接減少谷歌搜索業(yè)務(wù)收入的行為——搜索迄今為止仍是該公司最大的搖錢樹——都會(huì)造成傷害。雖然Chrome瀏覽器和安卓系統(tǒng)并不是明確的搜索產(chǎn)品,但它們都是與消費(fèi)者聯(lián)系的重要紐帶:Chrome瀏覽器占據(jù)了全球?yàn)g覽器市場(chǎng)近三分之二的份額,安卓系統(tǒng)在全球智能手機(jī)市場(chǎng)的份額略高。如果其中任何一款產(chǎn)品不再是谷歌的產(chǎn)品,谷歌就無(wú)法將消費(fèi)者引向其賺錢的服務(wù)(如搜索廣告)。
如果未來(lái)的消費(fèi)科技真像業(yè)界所說(shuō)的那樣以人工智能為中心,那么沒(méi)有安卓系統(tǒng)的谷歌也會(huì)發(fā)現(xiàn)自己在這一關(guān)鍵領(lǐng)域步履蹣跚。
就在本周,谷歌舉行了一場(chǎng)盛大的活動(dòng),展示了其最新的硬件產(chǎn)品陣容,其中包括谷歌Pixel智能手機(jī)。正如這次活動(dòng)所表明的那樣,這些設(shè)備以及更廣泛的第三方安卓硬件產(chǎn)品生態(tài)系統(tǒng),是谷歌人工智能雄心最重要的載體——如果沒(méi)有安卓系統(tǒng),谷歌顯然無(wú)法確保數(shù)十億人每天都能與其Gemini驅(qū)動(dòng)的聊天機(jī)器人和其他人工智能服務(wù)進(jìn)行互動(dòng)。(事實(shí)上,我們可以想象,谷歌利用安卓系統(tǒng)來(lái)推廣Gemini,這可能會(huì)引發(fā)未來(lái)美國(guó)或其他地方的反壟斷訴訟。)
谷歌分拆的影響也會(huì)遠(yuǎn)遠(yuǎn)超出山景城的范圍,因?yàn)楣雀杓捌湓S多同行也卷入了其他反壟斷案件,理論上可能導(dǎo)致類似結(jié)果。
美國(guó)司法部目前對(duì)谷歌提起了另一起訴訟,希望此案能導(dǎo)致谷歌被迫出售部分廣告技術(shù)業(yè)務(wù)。美國(guó)聯(lián)邦貿(mào)易委員會(huì)(The Federal Trade Commission)對(duì)Meta提起訴訟,旨在剝離Instagram和WhatsApp。美國(guó)聯(lián)邦貿(mào)易委員會(huì)還對(duì)亞馬遜(Amazon)提起了訴訟,一些專家表示,這可能導(dǎo)致這家電子商務(wù)巨頭的物流服務(wù)被剝離。
因此,就其發(fā)生的時(shí)機(jī)而言,谷歌在搜索業(yè)務(wù)方面的反壟斷敗訴,最終或許會(huì)成為大型科技公司遭受重創(chuàng)的轉(zhuǎn)折點(diǎn)。倘若該公司勝訴,這可能會(huì)成為一個(gè)先例,表明這些巨頭無(wú)法被壓制。毫無(wú)疑問(wèn),科技公司希望這一先例能夠在未來(lái)幾十年內(nèi)嚇退監(jiān)管機(jī)構(gòu)。(財(cái)富中文網(wǎng))
譯者:中慧言-王芳
Last week, a U.S. judge ruled that Google was breaking antitrust law by paying the likes of Apple and Samsung tens of billions of dollars to shore up its illegal monopoly in web search by making Google Search the preinstalled default option in their devices and browsers.
However, Judge Amit Mehta has yet to rule what the solution—or “remedy” in antitrust-speak—to this lawbreaking should be. In theory, it could be something relatively mild, like making Google share its search data with rival providers. Mehta could order Google to stop paying device-makers like Apple. But according to Bloomberg’s sources, the Justice Department is also considering the nuclear option: breaking up Google.
That could reportedly mean forcing Google to divest its Android mobile operating system or its Chrome browser, both of which are central to the dominance of Google Search—the go-to tool for more than 90% of American search queries. A divestment of the Google Ads platform is reportedly also under consideration.
Unsurprisingly, investors in Google parent Alphabet have not greeted Bloomberg’s report warmly. Shares fell by more than 3% on Wednesday morning, before recovering slightly.
They might have fallen further, were it not for the fact that a wholesale breakup of a Big Tech company would be unprecedented, making it difficult to imagine. (U.K. antitrust regulators did force Meta to unwind its acquisition of the GIF repository Giphy a couple years back, but Giphy—now owned by Shutterstock—wasn’t exactly core to Meta’s business.)
The idea of a Big Tech breakup is not unprecedented, though.
Nearly a quarter-century ago, Microsoft had also been found to be abusing a monopolistic position—in that case, in the market for PC operating systems. It was a time at which the web was taking off, and Microsoft broke antitrust law by bundling its own Internet Explorer bundle with Windows, to stymie the advance of third-party browsers like Marc Andreessen’s Netscape Navigator.
A district court ordered the breakup of Microsoft into a Windows unit and a separate unit that would have handled other Microsoft software, like Internet Explorer. But Microsoft appealed and won, at least to the extent that it no longer faced breakup as a remedy; it ended up settling the antitrust case in 2001 with promises to let manufacturers ship Windows PCs with other operating systems and Microsoft-rivaling software, without retaliation.
Microsoft’s narrow escape—partly the result of improper public statements made by the judge during the initial trial—means that the most recent example in U.S. antitrust history of a major corporate breakup occurred more than 40 years ago, when telco giant AT&T was split into a long-distance carrier and seven so-called Baby Bells.
But, while Big Tech has never had to experience a dismemberment on that scale, times are changing. Companies like Google, Apple, and Meta have unprecedented scale and power on a global level and an outsize role in the stock markets, and there’s plenty of political will to rein them in. Jonathan Kanter, the DOJ’s aggressive antitrust chief, has been arguing for many years that the only way to address Google’s alleged violations is to break it up—a stance that did not hinder his appointment as assistant attorney general for antitrust in late 2021.
The impact of a breakup would resonate far beyond Mountain View
The odds of a Google breakup are still long, given the company’s expected appeal of the ruling, and if the decision is upheld, the many, less-draconian alternative remedies for Judge Mehta to consider.
But in the unlikely event that Judge Mehta agreed to take the divestiture route, the result would be seismic. And for Google, which currently enjoys a market valuation of close to $2 trillion, an existential crisis.
Anything that directly reduces Google’s search revenues—still by far the company’s biggest cash cow—would hurt. While Chrome and Android are not explicitly search products, they each serve as a vital point of connection to consumers: Chrome holds nearly two-thirds of the global browser market, and Android a slightly larger share of the global smartphone market. If either were to cease being a Google product, Google would have less ability to steer consumers to its moneymaking services (like search advertising).
And if the future of consumer tech is nearly as AI-centric as the industry claims, an Android-less Google would also find itself hobbled in this critical arena.
Just yesterday, Google held a splashy event to show off its latest lineup of hardware products, including Google Pixel smartphones. As the event made clear, these devices, as well as the broader ecosystem of third-party Android hardware products, are the most important vehicle for Google’s AI ambitions—without Android, Google has no obvious way to ensure that billions of people get to interact with its Gemini-powered chatbots and other AI services on a daily basis. (Indeed, one can imagine Google’s leverage of Android to promote Gemini being the kind of issue that could inspire a future antitrust suit in the U.S. or elsewhere.)
The impact of a Google breakup would also be felt far beyond Mountain View, as Google and plenty of its peers are also embroiled in other antitrust cases that could theoretically lead to a similar outcome.
The DOJ currently has a separate case against Google that, it hopes, could result in Google having to sell off parts of its ad-tech operations. The Federal Trade Commission has a lawsuit going against Meta that aims for the divestiture of Instagram and WhatsApp. The FTC also has a complaint against Amazon that, some experts have suggested, could result in the spinning-off of the e-commerce giant’s logistics services.
So, thanks to its timing, Google’s antitrust loss on the search front could end up being the tipping point for a grand humbling of Big Tech. If the company prevails, it could provide the precedent to demonstrate that these behemoths cannot be cut down to size—a demonstration tech companies no doubt hope would scare off regulators for another couple of decades.