Google Says Opening Up Its App Store Is Expensive And Too Much Work, Gets Told By Judge, 'We're Going To Tear The Barriers Down'
Portfolio Pulse from Ananya Gairola
Judge James Donato has indicated plans to dismantle Alphabet Inc's (NASDAQ:GOOG) (NASDAQ:GOOGL) Google’s Android app store monopoly in the ongoing Epic v. Google case. Despite Google's arguments about the high cost and effort required to open its store to rival stores, Donato is determined to remove these barriers. A final ruling is expected in a little over two weeks.
August 15, 2024 | 5:03 am
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Judge Donato plans to dismantle Google's Android app store monopoly, which could lead to significant changes in how the store operates. A final ruling is expected in two weeks.
The judge's decision to dismantle Google's app store monopoly could lead to increased competition and potentially lower revenues for Google from its Play Store. This is likely to have a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Judge Donato plans to dismantle Google's Android app store monopoly, which could lead to significant changes in how the store operates. A final ruling is expected in two weeks.
The judge's decision to dismantle Google's app store monopoly could lead to increased competition and potentially lower revenues for Google from its Play Store. This is likely to have a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100