Google Loses Antitrust Case Brought by Epic Games; San Francisco Jury Found Google Created Antitrust Market With Its App Store
Portfolio Pulse from Charles Gross
A San Francisco jury has ruled against Google in an antitrust case brought by Epic Games, finding that Google has created an antitrust market with its app store.
December 12, 2023 | 12:40 am
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NEGATIVE IMPACT
Google has lost an antitrust case to Epic Games, which could lead to legal repercussions and changes in its app store practices.
The jury's decision against Google indicates potential legal challenges and could force changes in how Google operates its app store. This may result in increased scrutiny, potential fines, and a need to alter business practices, all of which could negatively impact Google's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Google's loss in the antitrust case brought by Epic Games may have negative implications for its app store business model and could affect investor sentiment.
As Alphabet Inc. is the parent company of Google, the antitrust ruling could have similar negative consequences for GOOGL. The verdict may lead to regulatory changes and affect the profitability of its app store, which is a significant concern for investors.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100