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Google (GOOGL) Ordered to Open Android App Store by U.S. Judge
AlphabetAlphabet(US:GOOG) GuruFocusยท2024-10-08 03:30

Core Viewpoint - A U.S. judge has ordered significant changes to Google's mobile application operations, requiring more flexibility for Android users in downloading applications and making in-app purchases [1] Group 1: Regulatory Changes - Google must allow Android users to download competing third-party Android app platforms or stores within three years [1] - Restrictions on in-app payment methods must be lifted as part of the ruling [1] Group 2: Market Reaction - Following the ruling, Alphabet's stock dropped by 2.5%, closing at $164.39 [1]