Google loses fight to hide 2021 money pit: $26B in default contracts

This is the best summary I could come up with:

Rather than seeing itself as above all competition, Raghavan told the court, Google is forced to invest and innovate to avoid losing relevancy.

According to Raghavan, Google faces competition from a wide range of rivals beyond just other search engines, viewing Amazon and TikTok as top competitors, not Bing.

Particularly with younger users—some of whom Raghavan said refer to the search engine by a derogatory nickname, "Grandpa Google"—Google allegedly faces stiff competition.

Pichai will likely provide additional insights into how Google's smart investments are responsible for creating the search empire it maintains today, Reuters reported.

But he will also likely face the DOJ's inquiries into why Google invests so much in default agreements if it's not a critical part of the tech giant's strategy to stay ahead of the competition.

The DOJ is not likely to back down from its case that default agreements unfairly secured Google's search market dominance.

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