SPOT - Google Is Ending 2023 With Lost Legal Battles | Benzinga
Alphabet Inc (NASDAQ: GOOG)(NASDAQ: GOOGL) Google agreed to pay $700 million to U.S. consumers as well as to revamp the way it runs its app store.
Last week, it also lost an antitrust lawsuit to Epic Games. But Google continues to defend its Android business model despite losing the monopoly case. Google has faced numerous anti-trust cases, settling similar claims from dating app Match even before this trial started. But Epic also filed a similar antitrust case against Apple Inc (NASDAQ: AAPL) in 2020 but lost as the U.S. judge ruled largely in favor of Apple.
Google's apology to U.S. consumers.
To settle with 50 states, Google will have to do more than pay $700 million which include $630 million into a fund for consumers and $70 million into a fund that will be used by states. It will have to allow developers offer direct payment options to its Play App store consumers. Also, Google will make it easier to download apps on Android devices from sources other than its Play Store.
Epic Games won against Google.
Epic Games has won the court battle as the jury agreed that the search giant had operated an illegal monopoly. Epic Games sued Google back in 2020, accusing it of unlawfully making its app store dominant over rivals. In the lawsuit, Epic Games accused Google of suppressing innovation and choice with ...