Reportedly, American local information search service Yelp CEO Jeremy Stopman (Jeremy Stoppelman) has long believed that Google is in a monopoly position in the Internet search market. He said this week that recent antitrust lawsuits by the U.S. government against Google confirm his views.
Yelp argue that google abused its position by giving priority to information from autonomous services rather than competitors in search results. Google has about 90% of the Internet search market.
"Google is trying to maximize revenue but putting users in a secondary position," stopman said. There is no natural content in Google's search engine. "
Kent Walker (Kent Walker), Google's chief legal officer, argued that users used Google's search engine "because of their choice, not because they were forced to do so, or because they could not find other options ".
In the interview, stopman also said yelp and other small businesses faced a period of "terror" in the early months of the outbreak, when many cities were closed and people were forced to stay at home. But by the third quarter, yelp reported revenue that exceeded analysts' expectations.
"As people stopped, our advertising revenue really took a big hit," he said. But looking at yelp's third quarter results, we recovered quickly, even faster than we expected. "
Stopman estimates that about 220000 small businesses temporarily closed have reopened. That's good news before the holiday shopping season.
He estimates that Yelp business will be further boosted after the vaccine is launched. Currently, Yelp fourth-quarter performance outlook does not take vaccines into account. The company now expects fourth-quarter revenue of $220 million to $230 million. Yelp shares rose sharply after news of pfizer's initial success with the new crown virus vaccine.