Google Has Monopoly Power In The U.S. Text Ads Market | HackerNoon
Briefly

Google's Text Ads market share remained above 80% between 2016 and 2020, with 88% in 2020. The majority of Google's revenue, especially from search ads, stems from the sale of text ads.
Advertisers view text ads on Google as essential due to the lack of viable alternatives, since rival search engines' query volumes are significantly lower, hindering a substantial shift away from Google.
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