Google Blocks Android Auto Access, May Violate EU Rules, According To Court Adviser
Portfolio Pulse from Michael Juliano
Google's refusal to allow Enel's JuicePass app on Android Auto may violate EU competition laws, according to a CJEU adviser. Alphabet Inc. was fined €102 million by Italy's antitrust regulator in 2021 for this issue. Google has since worked to resolve the problem, but awaits a final court decision.
September 05, 2024 | 10:27 pm
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Google's refusal to allow Enel's JuicePass app on Android Auto may violate EU competition laws, potentially leading to further legal challenges. Alphabet was fined €102 million in 2021 for this issue.
The news highlights a potential violation of EU competition laws by Google, which could lead to further legal challenges and financial penalties. This is significant for investors as it may impact Google's operations and financials.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Google's refusal to allow Enel's JuicePass app on Android Auto may violate EU competition laws, potentially leading to further legal challenges. Alphabet was fined €102 million in 2021 for this issue.
The news highlights a potential violation of EU competition laws by Google, which could lead to further legal challenges and financial penalties. This is significant for investors as it may impact Google's operations and financials.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The T-Rex 2X Long Alphabet Daily Target ETF slipped 0.55% despite Alphabet's stock gaining, possibly due to the legal challenges faced by Google.
The ETF's performance may be affected by Alphabet's legal challenges, as it is directly linked to Alphabet's stock performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Fidelity MSCI Communication Services Index ETF ticked up 0.35% as Alphabet's stock gained, despite ongoing legal challenges.
The ETF's slight gain reflects Alphabet's stock performance, but the impact of legal challenges is less direct.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 30
NEUTRAL IMPACT
IShares Global Comm Services ETF went up 0.58% as Alphabet's stock gained, despite ongoing legal challenges.
The ETF's gain reflects Alphabet's stock performance, but the impact of legal challenges is less direct.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 30
NEUTRAL IMPACT
Vanguard Communication Services ETF gained 0.59% as Alphabet's stock rose, despite ongoing legal challenges.
The ETF's gain reflects Alphabet's stock performance, but the impact of legal challenges is less direct.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 30
NEUTRAL IMPACT
Communication Services Select Sector SPDR Fund edged up 0.29% as Alphabet's stock gained, despite ongoing legal challenges.
The ETF's slight gain reflects Alphabet's stock performance, but the impact of legal challenges is less direct.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 30