GOOGLE LOSES FIGHT TO HIDE 2021 MONEY PIT: $26B IN DEFAULT CONTRACTS

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Google's senior vice president Prabhakar Raghavan testified during the company's monopoly trial, saying that Google's default agreements with mobile phone manufacturers and web browsers were the company's biggest cost in 2021. Google paid $26.3 billion for default agreements while raking in $146.4 billion in revenue from search advertising in 2021. The company says that these deals are legal and that its dominance is not due to them.