Google Challenges India's Antitrust Body Over Alleged Favoritism Towards Amazon
Portfolio Pulse from Anusuya Lahiri
Google, a subsidiary of Alphabet Inc, has criticized India's antitrust body for allegedly favoring Amazon. The antitrust body demanded changes to Google's business model and fined the company $163 million. Google has appealed to India's Supreme Court to overturn the order. Amazon has complained about difficulties in developing a modified Android system due to Google's restrictions.
July 06, 2023 | 11:47 am
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POSITIVE IMPACT
Amazon could potentially benefit from the legal and regulatory challenges faced by Google in India.
Amazon has complained about difficulties in developing a modified Android system due to Google's restrictions. If the Indian antitrust body's order is upheld, it could potentially benefit Amazon by allowing it to develop its Android fork called Fire OS. This could positively affect the company's stock price in the short term.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 75
NEGATIVE IMPACT
Google is facing legal and regulatory challenges in India, which could potentially impact its business model and result in financial penalties.
The legal and regulatory challenges faced by Google in India could potentially impact its business model and result in financial penalties. This could negatively affect the company's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Alphabet Inc, the parent company of Google, could potentially face financial impact due to the legal and regulatory challenges faced by Google in India.
As the parent company of Google, Alphabet Inc could potentially face financial impact due to the legal and regulatory challenges faced by Google in India. This could negatively affect the company's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100