'Epic Games Sues Google, Samsung Over Alleged App-Store Scheme' - Wall Street Journal
Portfolio Pulse from Benzinga Newsdesk
Epic Games has filed a lawsuit against Google and Samsung, alleging an anti-competitive app-store scheme. This legal action could impact the operations and stock prices of both companies.
September 30, 2024 | 1:29 pm
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Google is being sued by Epic Games for allegedly engaging in anti-competitive practices in its app store. This lawsuit could lead to regulatory scrutiny and impact Google's stock price.
The lawsuit by Epic Games against Google could lead to increased regulatory scrutiny and potential financial penalties, which may negatively impact Google's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Samsung is also targeted in Epic Games' lawsuit for alleged anti-competitive practices in its app store. This could affect Samsung's business operations and stock price.
The lawsuit against Samsung by Epic Games could lead to operational challenges and potential financial repercussions, negatively affecting its stock price.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70