- The ruling could jeopardize billions of dollars of revenue generated by Google's app store
Google's mobile app store maintains a monopoly in the market for distribution of programs and payments on its Android software, a federal jury in California decided, dealing a blow to the technology giant in a high-stakes antitrust battle with Epic Games Inc.
The internet giant's Play store wilfully wields monopoly power through the AIphabet Inc. unit's anticompetitive conduct, jurors found Monday after deliberating less than four hours following a nearly month-long trial in San Francisco. The ruling could potentially jeopardize billions of dollars of revenue generated by Google's app store. Epic largely lost a similar challenge to Apple Inc.'s app store two years ago.
US district judge James Donato, who oversaw the trial, will decide whether Google must open the door for payment and app distribution methods outside its own app store following the verdict that Google Play policies are unlawful.
Denne historien er fra December 13, 2023-utgaven av Mint Mumbai.
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Denne historien er fra December 13, 2023-utgaven av Mint Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Vaz, Mani and Gupta to head RIL-Disney JV
The ₹70,000-cr media giant is likely to transform entertainment in India
Trump and Putin's rapport masks deeper tensions
Warm words between two leaders doesn't necessarily signal a thaw in U.S.-Russia relations
CCPA orders investigation into Ola Electric
Many customers reported that issues persisted as complaints were closed prematurely without result
'Revised norms will benefit big auditors'
Proposed revisions in the audit standard for consolidated financial statements of business groups could lead to the concentration of the audit market around big audit firms at the expense of other auditors, said an official of the Institute of Chartered Accountants of India (ICAI), the profession's self-regulator and rule maker.
Muted Q2 sparks a rethink at Mamaearth
Honasa Consumer Ltd, the listed beauty and personal care firm behind Mamaearth, plans to make significant adjustments to its product lineup, marketing approach, and investment allocation across categories to revive growth for its flagship brand, which underperformed in the September quarter.
'Design cities for next 100 years, think big'
DLF's K.P. Singh calls for the overhaul of India's urban planning approach
Companies scan diversity, inclusion before M&A deals
The rising importance of D&I is closely tied to the growing focus on ESG assessments
Sebi curbs to help boost BSE's Sensex options, says CEO
BSE & NSE have been asked to offer one weekly options expiry as 9 in 10 individuals lose money in index options
Tata Chemicals Europe rejig helps, but soda ash is a worry
Tata Chemicals Europe Ltd (TCEL), a subsidiary of Tata Chemicals Ltd, has embarked on a restructuring exercise.
Clarity on AGR to help raise bank debt, says Voda Idea CEO
Clarity from the government on adjusted gross revenue (AGR) will move the needle on Vodafone Idea Ltd's efforts to raise debt from lenders, its top executive said, adding that promoters, along with the management, were in discussions with banks for raising ₹35,000 crore.
