Google Faces Japan's Antitrust Watchdog Over Web Search Services
Portfolio Pulse from Shivani Kumaresan
Japan's competition authority, the Japan Fair Trade Commission (JFTC), has initiated an investigation into Alphabet Inc's Google's web search services. The probe aims to determine if Google's arrangements with Android smartphone manufacturers infringe on Japan's Antimonopoly Act. The arrangements may involve Google returning a portion of its revenues to these manufacturers under the stipulation that they refrain from installing competitor search engines. The JFTC is also examining Google's requirement for Android phone producers to preload Google Search and Google Chrome browser applications concurrently with the Google Play app.
October 23, 2023 | 12:44 pm
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Google is under investigation by Japan's competition authority over its web search services. This could potentially lead to legal issues and fines if Google is found to be in violation of Japan's Antimonopoly Act.
The investigation by Japan's competition authority could lead to legal issues and fines if Google is found to be in violation of Japan's Antimonopoly Act. This could negatively impact Google's reputation and financials, leading to a potential decrease in its stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Alphabet Inc, Google's parent company, could face potential repercussions from the antitrust investigation into Google's web search services by Japan's competition authority.
As Google's parent company, Alphabet Inc could face potential repercussions from the antitrust investigation into Google's web search services. This could negatively impact Alphabet's reputation and financials, leading to a potential decrease in its stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100