Google faces another antitrust blow: losing $700 million and allowing developers to charge directly
笑对人生153
发表于 2023-12-19 17:37:13
1298
0
0
After losing the antitrust lawsuit against Epic Games earlier this month, Google's parent company Alphabet still needs to solve even bigger problems: Attorney General and consumers from about 36 states in the United States have filed antitrust lawsuits against it, which means Google will have to pay huge compensation and modify its Google Play store rules.
Late Monday Eastern Time, the latest court documents disclosed by the San Francisco court in the United States showed that Alphabet has proposed the latest settlement conditions, is willing to pay $700 million, and adjust its Google Play policy to reduce competitive barriers in the application distribution and payment processing markets.
Google and State Consumer Settlement Agreement Announced
As early as 2021, several state attorneys general in the United States filed lawsuits alleging that Google used anti competitive strategies to prevent competition, leaving app developers with no choice but to acquire users through the Google Play store.
In a class action lawsuit representing nearly 21 million consumers, Google was accused of extracting up to 30% commission from Google Play transactions, indirectly raising the price of Android apps.
In September of this year, Alphabet announced a preliminary settlement with state prosecutors and consumers, but the details of these settlement terms were not disclosed as Alphabet's lawsuit with Epic Games was not yet concluded at the time.
Last week, a federal jury in San Francisco ruled in favor of Epic Games.'s claim that Google Play's app distribution, payment, and fee policies were suspected of monopolies.
And the latest documents disclosed on Monday finally revealed the details of this settlement agreement.
The agreement documents show that 50 states in the United States, the District of Columbia, Puerto Rico, and the Virgin Islands have now joined the settlement agreement.
Google Store rules will undergo significant changes
The settlement agreement shows that Google has established a $630 million mutual fund to pay compensation to consumers who may have paid exorbitant prices when consuming on the Google Play store; Google has also established a $70 million fund to address claims from various states, which will be allocated to each state in the United States and at the disposal of their respective attorneys general.
Google claims that consumers who meet the compensation criteria will receive at least $2 in compensation and may receive additional compensation based on their expenses on Google Play from August 16, 2016 to September 30, 2023.
Google also stated in the settlement agreement that it allows developers of its Play Store app store to provide users with direct payment options. This means that the billions of dollars in revenue generated by the company's sales and distribution of applications through Google Play will be threatened.
Wilson White, Vice President of Government Affairs and Public Policy at Google, stated in a statement:
"This agreement is built on Android's selectivity and flexibility, maintaining strong security protection, retaining Google's ability to compete with other operating system manufacturers, and creating an Android ecosystem for users and developers."
CandyLake.com 系信息发布平台,仅提供信息存储空间服务。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
猜你喜欢
- Boeing raises $21.1 billion through large-scale stock issuance
- Boeing: Issue 112.5 million ordinary shares at a price of $143 per share
- Barclays raises Tesla target price from $220 to $235
- Morgan Stanley raises Intel target price to $25.00 before $25.58
- Apple invests $1.5 billion to increase satellite communication
- Bezos plans to sell $3.05 billion worth of Amazon stock
- Bernstein lowers Qualcomm's target price from $240 to $200
- Nvidia is considering investing in Musk's xAI, with a valuation of $40 billion
- Election trading: US bonds, US dollars, cryptocurrencies, and US stocks each bet on their own
- Qualcomm announces $15 billion stock buyback
-
随着“银十”结束,各家造车新势力都交出了一份亮眼的成绩单。 理想领跑10月新势力交付榜,鸿蒙智行重回4万辆,零跑、深蓝、极氪、小鹏等单月交付量均创新高,岚图、阿维塔、智己等实现破万,但哪吒却消失在 ...
- fanadam
- 3 天前
- 支持
- 反对
- 回复
- 收藏
-
为期超七周的大罢工终于落下帷幕。 当地时间11月4日,波音美国西海岸工厂工人们就改进后的合同提案投票。 随后,代表着波音超过33000名西雅图地区机械师的IAM工会经表决,以59%的同意票决定接纳波音提 ...
- cristianna
- 3 天前
- 支持
- 反对
- 回复
- 收藏
-
证券时报网讯,热门中概股美股盘前普涨,小鹏汽车、哔哩哔哩涨近5%,蔚来涨超4%,阿里巴巴、拼多多涨超2%。
- p609520
- 3 天前
- 支持
- 反对
- 回复
- 收藏
-
何思文表示,“在进博会这个平台上,我们开启的是倾听模式,通过进博会展出各类产品,收集消费者的需求和反馈,进而帮助决定未来进口到中国的产品。过去,汽车行业的许多创新源于美国加州或欧洲。我相信,中国正 ...
- MaxLucky
- 3 小时前
- 支持
- 反对
- 回复
- 收藏