Reported Earlier, 'CCI Orders Investigation Into Google's App Store Billing Practices' - ZeeNews India
Portfolio Pulse from Happy Mohamed
The Competition Commission of India (CCI) has launched an investigation into Alphabet Inc.'s Google for allegedly exploiting its dominant position in India's online market, particularly concerning its app store billing practices. This follows complaints from Indian app developers about unfair practices and Google's imposition of a fee of 11 to 26 percent on in-app payments, which they argue represents a significant financial burden. The CCI has directed a detailed investigation to be completed within 60 days.
March 15, 2024 | 3:42 pm
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Alphabet Inc.'s Google is under investigation by the CCI for potentially exploiting its market dominance in India, particularly in app store billing practices.
The investigation into Google's app store billing practices by the CCI could lead to regulatory actions, fines, or changes in business practices in a significant market like India. This regulatory scrutiny could negatively impact investor sentiment and Alphabet's stock price in the short term due to potential financial and reputational risks.
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