As antitrust probes are heating up against Google, business owners are speaking up against one of its controversial ad practices, known in the industry as “conquesting.”
The practice allows businesses to bid on a competitor’s name, even if that name has been trademarked.
The only way to remain at the top of search results, companies like Edible Arrangements told Business Insider recently, is to pay millions of dollars to outbid competitors.
“I hope people realize what [Google is] doing is killing main street businesses,” Edible Arrangements found and CEO Tariq Farid told Business Insider in a recent interview.
Last week, Jason Fried, Basecamp founder and CEO, aired his frustrations on Twitter, calling the practice “a shakedown” and “ransom.”
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Edible Arrangements — the fruit-on-a-stick, gift baskets— are often sent for joyous occasions: birthdays, graduations, and work promotions, to name a few. Tariq Farid, the company’s founder and CEO, however, hasn’t personally been over-flowing with fuzzy feelings lately.
As Farid told Business Insider in a recent interview, that’s mostly because of a Google ad practice that he says is “killing” business for his 1,100 franchise owners across the country. In response, Edible Arrangements has filed multiple …read more
Source:: Businessinsider – Tech