A federal jury unanimously decided that Google's Play Store was protected by anticompetitive barriers, damaging smartphone consumers and software developers...
Continue Reading(Bloomberg) -- 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.Most Read from BloombergJPMorgan Is in a Fight Over Its Client's Lost $50 Million FortuneAbu Dhabi Is the World’s Newest Wealth Haven for BillionairesJack Ma’s Biggest E-Commerce Rival Is Coming for AmazonHarvard’s Deepening D...
Continue ReadingJury in California finds the Big Tech group abused its power to secure billions of dollars in profit from Play Store...
Continue ReadingUK insurer to automate evaluation of specialist risks in tech collaboration it calls a first for London market...
Continue ReadingGoogle has once again reminded users that it's always watching. In its annual "Year in Search" report, the tech company has unveiled the top Google searches of 2023. Regarding the top searched people, Buffalo Bills football player Damar Hamlin seized the top spot, beating Kansas City Chiefs football player Travis Kelce, who landed at No. 3 in the category...
Continue Reading(Bloomberg) -- Lucid Group Inc.’s chief financial officer stepped down from the maker of luxury electric vehicles, an abrupt shakeup atop a company struggling to boost output.Most Read from BloombergJPMorgan Is in a Fight Over Its Client's Lost $50 Million FortuneAbu Dhabi Is the World’s Newest Wealth Haven for BillionairesJack Ma’s Biggest E-Commerce Rival Is Coming for AmazonHarvard’s Deepening Disunity Pits Alumni Against FacultyWall Street Holds Back on Big Bets Before CPI Test: Markets Wrap...
Continue Reading“War in Israel and Gaza” topped this year’s list of news trends in the US and globally, according to Google. Other top search trends included Damar Hamlin, the “Barbie” and “Oppenheimer” movies, as well as Matthew Perry...
Continue ReadingDec 11 (Reuters) - "Fortnite" maker Epic Games has prevailed in its high-profile antitrust trial over Alphabet's Google, which alleged the Play app store operated as an illegal monopoly, in a ruling that if it holds could upend the entire app store economy. Jurors found for Epic on all counts, a court filing showed, after more than a month of trial in Epic's lawsuit, which accused Google of taking action to quash competitors and charge unduly high fees of up to 30% to app developers. The ruling marks a stunning defeat for Google, which alongside Apple operates one of the world's largest app stores...
Continue ReadingThe market is up, but some of the biggest tech stocks in the world are down sharply today...
Continue ReadingMeta Platforms, Inc.'s return on invested capital declined in 2022 but is on the rise again. Click here to read an analysis on META stock now...
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