Epic Games v. Google
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 6 November 2023
⏱️ 6 minutes
🧾️ Download transcript
Summary
Episode transcripts seekingalpha.com/wsb.
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Transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street breakfast, where we cover the top news for investors every morning. |
| 0:07.0 | Good morning, today is Monday, November 6th, and I'm your host Julie Morgan. |
| 0:12.0 | Epic Games is taking Google to court. |
| 0:15.1 | Palo Alto networks is close to acquiring |
| 0:17.7 | Tallon Cybersecurity and Elon Musk |
| 0:20.6 | unveils a new AI model. |
| 0:23.0 | Epic Games, the maker of the video game Fortnite, will take Alphabet's Google to court over antitrust |
| 0:29.3 | claims. |
| 0:30.3 | The lawsuit is related to the Play Store's in-house payment system. The gaming company The rivals from distributing their apps directly. |
| 0:43.2 | Wilson, White, VP of government affairs and public policy at Google, said that these claims are baseless. |
| 0:49.5 | White went on to say that Android enables developers to distribute through multiple app stores or directly to users through the web. |
| 0:58.0 | The jury trial begins today. |
| 1:00.0 | EPIC is not seeking financial compensation but wants changes to Google's practices. |
| 1:06.0 | The CEOs of both companies are expected to testify. |
| 1:10.0 | Epic had filed a similar case against Apple in 2021, but a California court found that its |
| 1:15.9 | iPhone App Store policies did not violate antitrust laws. |
| 1:20.4 | However, it was determined that Apple should allow apps to provide other payment option links. |
| 1:26.0 | Both Apple and Epic reached out to the Supreme Court to review that ruling. |
| 1:31.0 | Providing such links could threaten Apple and Google's 15 to 30 percent |
| 1:35.9 | commissions charged on purchases made within an app. |
| 1:39.5 | Google is already facing a landmark antitrust case from the Department of Justice over its alleged |
| 1:45.2 | monopolistic practices in the search business. Barclays had warned it was growing increasingly |
... |
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