Google CEO Sundar Pichai Was Reportedly Worried About The Search Engine And Apple's Deal Having Bad 'Optics'
Portfolio Pulse from Ananya Gairola
Emails from Alphabet Inc.’s CEO Sundar Pichai have revealed his concerns about the bad ‘optics’ of Google’s deal with Apple Inc. The emails, dating back to 2007, have come to light as part of the Justice Department’s ongoing antitrust case against Google. The emails reveal Pichai's unease over the agreement in which Google paid Apple to become the pre-selected search engine on the Safari browser. The DOJ filed a lawsuit in 2020, accusing Google of paying over $10 billion annually to secure its position as the default search engine on web browsers and mobile devices.
October 11, 2023 | 2:10 am
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NEGATIVE IMPACT
The ongoing antitrust case against Google and the revealed emails expressing concerns about the deal with Apple could potentially harm Apple's reputation and investor confidence.
The ongoing antitrust case against Google and the revealed emails expressing concerns about the deal with Apple could potentially harm Apple's reputation and investor confidence, leading to a negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The ongoing antitrust case and the revealed emails could potentially harm Google's reputation and investor confidence.
The ongoing antitrust case against Google and the revealed emails expressing concerns about the deal with Apple could potentially harm Google's reputation and investor confidence, leading to a negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Microsoft's CEO Satya Nadella expressed willingness to obscure its search engine’s “Bing” brand on Apple devices to unseat Google from its default search engine status. This could potentially increase Bing's market share.
Microsoft's CEO Satya Nadella expressed willingness to obscure its search engine’s “Bing” brand on Apple devices to unseat Google from its default search engine status. This could potentially increase Bing's market share and have a positive impact on Microsoft's stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70