Google's Sundar Pichai To Stand Witness In Antitrust Lawsuit Filed By Epic Games On Tuesday
Portfolio Pulse from Benzinga Neuro
Google's CEO, Sundar Pichai, is set to testify in the ongoing antitrust lawsuit between Alphabet Inc. and Epic Games Inc. The lawsuit revolves around Google Play’s distribution, payment, and fee policies, which Epic Games claims harm developers and inflate consumer prices. Pichai's testimony will focus on Google Play and Android operations, Alphabet’s agreements with developers and phone makers, and the company’s relationship with Apple Inc.
November 10, 2023 | 1:23 am
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NEGATIVE IMPACT
Google's CEO Sundar Pichai is set to testify in the ongoing antitrust lawsuit between Alphabet Inc. and Epic Games. The outcome of the lawsuit could potentially impact Alphabet's business practices and its stock price.
The ongoing antitrust lawsuit could potentially lead to changes in Alphabet's business practices, particularly in relation to Google Play’s distribution, payment, and fee policies. This could impact Alphabet's profitability and, consequently, its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Alphabet Inc. is facing an antitrust lawsuit from Epic Games, with CEO Sundar Pichai set to testify. The lawsuit could potentially impact Alphabet's business practices and its stock price.
The ongoing antitrust lawsuit could potentially lead to changes in Alphabet's business practices, particularly in relation to Google Play’s distribution, payment, and fee policies. This could impact Alphabet's profitability and, consequently, its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100