financetom
Business
financetom
/
Business
/
US judge orders Google to open up app store to competition
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US judge orders Google to open up app store to competition
Oct 7, 2024 11:56 AM

(Reuters) - A U.S. judge on Monday ordered Alphabet's Google to overhaul its mobile app business to give Android users more options to download apps and to pay for transactions within them, following a jury verdict last year for "Fortnite" maker Epic Games.

The injunction by U.S. District Judge James Donato in San Francisco outlined the changes Google must undertake to open up its lucrative app store, Play, to greater competition, including making Android apps available from rival sources.

Donato said at an earlier hearing that he would establish a three-person compliance and technical committee to implement and monitor the injunction.

Epic's lawsuit, filed in 2020, accused Google of monopolizing how consumers access apps on Android devices and how they pay for in-app transactions.

The Cary, North Carolina-based company persuaded a jury in December 2023 that Google unlawfully stifled competition through its controls over app distribution and payments, paving the way for Donato's injunction.

Google had urged Donato to reject Epic's proposed reforms, arguing they were costly, overly restrictive and could harm consumer privacy and security. The judge mostly dismissed those arguments during an August hearing.

"You're going to end up paying something to make the world right after having been found to be a monopolist," he told Google's lawyers.

In a separate antitrust case in Washington, U.S. District Judge Amit Mehta on Aug. 5 ruled for the U.S. Justice Department and said Google had illegally monopolized Web search, spending billions to become the internet's default search engine.

Google also began a trial in September in Virginia federal court in a Justice Department lawsuit over its dominance in the market for advertising technology.

Google has denied the claims in all three cases.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Astera Labs Prices IPO
Astera Labs Prices IPO
Mar 20, 2024
05:16 AM EDT, 03/20/2024 (MT Newswires) -- Astera Labs said Tuesday it has priced its initial public offering of 19.8 million common shares at $36 per share. The offering consists of about 16.8 million shares being offered by the company and about 3 million being offered by certain of the company's existing stockholders. Underwriters will have a 30-day option to...
Adma Biologics Insider Sold Shares Worth $2,803,741, According to a Recent SEC Filing
Adma Biologics Insider Sold Shares Worth $2,803,741, According to a Recent SEC Filing
Mar 20, 2024
05:26 AM EDT, 03/20/2024 (MT Newswires) -- Steve Elms, Director, around March 18, 2024, sold 461,716 shares in Adma Biologics ( ADMA ) for $2,803,741. Following the Form 4 filing with the SEC, Elms has control over a total of 2,192,112 shares of the company, with 76,441 shares held directly and 2,115,671 shares controlled indirectly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1368514/000114036124014226/xslF345X03/form4.xml ...
Liquidia Insider Sold Shares Worth $452,183, According to a Recent SEC Filing
Liquidia Insider Sold Shares Worth $452,183, According to a Recent SEC Filing
Mar 20, 2024
05:19 AM EDT, 03/20/2024 (MT Newswires) -- Roger Jeffs, Director, Chief Executive Officer, on March 18, 2024, sold 28,583 shares in Liquidia ( LQDA ) for $452,183. Following the Form 4 filing with the SEC, Jeffs has control over a total of 2,423,607 shares of the company, with 835,345 shares held directly and 1,588,262 shares controlled indirectly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1819576/000110465924036345/xslF345X03/tm247887-3_4seq1.xml...
Aquestive Therapeutics Prices $75 Million Common Stock Offering
Aquestive Therapeutics Prices $75 Million Common Stock Offering
Mar 20, 2024
05:21 AM EDT, 03/20/2024 (MT Newswires) -- Aquestive Therapeutics ( AQST ) said Tuesday it has priced an underwritten public offering of about 16.7 million common shares at $4.50 per share for gross proceeds of about $75 million. Underwriters have been granted a 30-day option to purchase up to 2.5 million additional shares Net proceeds from the offering, which is...
Copyright 2023-2026 - www.financetom.com All Rights Reserved