tiprankstipranks
Google paid Apple $20B in 2022 to be default SE in Safari, Bloomberg says
The Fly

Google paid Apple $20B in 2022 to be default SE in Safari, Bloomberg says

Google (GOOGL) paid Apple (AAPL) $20B in 2022 to be the default search engine in Safari, Bloomberg’s Leah Nylen reports, citing newly unsealed court documents in the Justice Department’s antitrust lawsuit against Google. At the trial last fall, Apple executives testified that Google paid “billions,” without specifying a number, though a Google witness later accidentally disclosed that Google pays 36% of the revenue it earns from search ads to Apple. In 2020, Google’s payments constituted 17.5% of Apple’s operating income, according to the documents.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles