The Silicon Valley start-ups that began as a flash of an idea inside the minds of Mark Zuckerberg and Larry Page and Sergey Brin have grown into something none of the men could have ever imagined.
Facebook has a market cap of just under $560 billion and Google parent company Alphabet is at $772 billion.
The Federal Trade Commission revealed it was investigating that data collected by Google on its Android operating system back in May, and in a 60 Minutes interview soon after, antitrust lawyer Gary Reback said that Google does not have a monopoly but multiple monopolies.
'Of course Google's a monopoly. In fact they're a monopoly in several markets. They're a monopoly in search. They're a monopoly in search advertising,' said Reback.
He later noted: 'Google is the gatekeeper for-- for the World Wide Web, for the internet as we know it. It is every bit as important today as petroleum was when John D. Rockefeller was monopolizing that.'iPhone transfer software
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Social monopoly: There are growing calls for the Federal Trade Commission to start looking into the acquisitions of leading tech companies like Google and Amazon (Mark Zuckerberg in front of Congress in April above)
Of the many astonishing facts and figures revealed by the CBS news magazine was that 90 percent of all searches in 2017 were through Google.
'They have this phrase they use, "competition is just a click away." They have no competition. Bing, their competition, has 2 percent of the market. They have 90 perecent,' said Jonathan Taplin, a digital media expert and director emeritus of the Annenberg Innovation Lab at the University of Southern California.
And Yelp founder Jeremy Stoppelman spoke from his own experience when he revealed that Google is able to bury the competition in search, pushing them to the third and fourth pages.
He said that he would never be able to start a company like Yelp today, which is why in 2011 he asked for an investigation into Google.
He was not alone either, with Microsoft,