Google Removes Controversial Video Chat App Chamet from Play Store
Portfolio Pulse from Anusuya Lahiri
Google, a subsidiary of Alphabet Inc, has removed the live video chat app Chamet from the Play Store due to violations of its user-generated content policy. The app, popular in India, had significant financial gains with users in India spending over $38 million on Chamet. The removal has raised questions about potential actions against other similar apps. Google has also faced scrutiny from global regulators for its Play Store commissions, billing systems, and anti-competitive practices.
September 01, 2023 | 12:42 pm
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NEUTRAL IMPACT
Google's removal of Chamet from the Play Store could potentially impact its revenue, especially considering the app's popularity in India. However, the company's stock traded higher in premarket.
While the removal of Chamet could impact Google's revenue, the company's stock traded higher in premarket, indicating that investors may not see this as a significant issue. Additionally, Google's diverse portfolio of products and services could help mitigate any potential losses.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 80
NEUTRAL IMPACT
Alphabet Inc, Google's parent company, could also be impacted by the removal of Chamet from the Play Store. However, the company's diverse portfolio could help mitigate any potential losses.
As Google's parent company, Alphabet could potentially be impacted by the removal of Chamet from the Play Store. However, Alphabet's diverse portfolio of companies and products could help mitigate any potential losses.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70