Federal Jury Rules Against Google's Android App Store In Epic Games Lawsuit
Portfolio Pulse from Benzinga Neuro
A federal jury ruled that Google's Android app store, operated by Alphabet Inc, has unfairly maintained antitrust barriers, negatively impacting consumers and developers. The lawsuit, initiated by Epic Games, concluded with a unanimous verdict against Google after a four-week trial. U.S. District Judge James Donato will decide on remedial actions for Google's Play Store practices. The case highlights Google's control over app distribution and commission fees, contrasting with a previous loss by Epic against Apple.
December 12, 2023 | 1:10 am
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NEGATIVE IMPACT
Alphabet Inc's Google has been found to engage in antitrust practices by a federal jury due to its Play Store policies, as claimed by Epic Games. Remedial measures are to be determined, which may affect Google's revenue from the Play Store.
The negative verdict in the antitrust case suggests potential regulatory changes and financial penalties for Google, which could lead to decreased revenue from the Play Store and impact investor sentiment negatively in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Alphabet Inc's Google has been found to engage in antitrust practices by a federal jury due to its Play Store policies, as claimed by Epic Games. Remedial measures are to be determined, which may affect Google's revenue from the Play Store.
The negative verdict in the antitrust case suggests potential regulatory changes and financial penalties for Google, which could lead to decreased revenue from the Play Store and impact investor sentiment negatively in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100