May 9, 2017

Warren Buffett Says Google Has Some Aspects of a Natural Monopoly

The Oracle of Omaha admits mistakes. Maybe he should run for president.

In an interview with CNBC on Monday, Buffett explained why: Google's search ad business is like a natural monopoly, meaning that the costs of building a company with a similar market share are large enough to fend off any serious takers. Google is poised to get approximately 78% of total US search ad revenues in 2017.

Source: Warren Buffett says Google has some aspects of a natural monopoly – Business Insider

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