Google Asks India Supreme Court To Quash Android Antitrust Directives, $163M Penalty
Portfolio Pulse from Benzinga Newsdesk
Google has appealed to the Indian Supreme Court to quash antitrust directives and a $163 million penalty imposed on the company for alleged abuse of its Android operating system's dominance in the Indian market.
June 26, 2023 | 3:28 pm
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NEGATIVE IMPACT
Google faces a $163 million penalty and antitrust directives in India over Android's market dominance, which may negatively impact the company's reputation and financials.
The news of Google appealing to the Indian Supreme Court to quash antitrust directives and a $163 million penalty is directly related to the company. If the appeal is unsuccessful, it may negatively impact Google's reputation and financials in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Alphabet's Google faces a $163 million penalty and antitrust directives in India over Android's market dominance, which may negatively impact the parent company's reputation and financials.
The news of Google appealing to the Indian Supreme Court to quash antitrust directives and a $163 million penalty is directly related to Alphabet, the parent company of Google. If the appeal is unsuccessful, it may negatively impact Alphabet's reputation and financials in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Google's appeal to the Indian Supreme Court over antitrust directives and a $163 million penalty may have a limited impact on the INDA ETF, as it is not directly related to the fund's holdings.
The news of Google appealing to the Indian Supreme Court to quash antitrust directives and a $163 million penalty is not directly related to the holdings of the INDA ETF. Therefore, the impact on the INDA ETF is expected to be limited in the short term.
CONFIDENCE 80
IMPORTANCE 25
RELEVANCE 25