'Bizarre': Musk Shocked As AFP Sues X For Not Compensating It For News Posted On The Platform
Portfolio Pulse from Rounak Jain
Elon Musk's company, X (formerly Twitter), is being sued by French news agency Agence France-Presse (AFP) for not compensating it for news articles appearing on the platform. The lawsuit is based on a 2019 French legislation that extends copyright protection to content produced by news publishers. AFP has previously sued Alphabet Inc.'s Google on similar grounds.
August 04, 2023 | 1:18 pm
News sentiment analysis
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Google, owned by Alphabet Inc., was previously sued by AFP on similar grounds and reached an agreement in 2021. However, Google was fined €500 million after AFP complained that Google owned 90% of the search market share.
The news of AFP's lawsuit against X brings back the memory of a similar lawsuit against Google. This could potentially affect investor sentiment towards Google, especially considering the hefty fine that was imposed on it.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
NEGATIVE IMPACT
Google, owned by Alphabet Inc., was previously sued by AFP on similar grounds and reached an agreement in 2021. However, Google was fined €500 million after AFP complained that Google owned 90% of the search market share.
The news of AFP's lawsuit against X brings back the memory of a similar lawsuit against Google. This could potentially affect investor sentiment towards Google, especially considering the hefty fine that was imposed on it.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50