meta_pixel
Tapesearch Logo
Log in
TechCheck

Google’s Regulatory Overhangs, Plus Hindenburg Shorts Roblox 10/8/24

TechCheck

CNBC

Disruptors, Investing, Faang, Technology, Business, Management, Cnbc, Tech

4.856 Ratings

🗓️ 8 October 2024

⏱️ 8 minutes

🧾️ Download transcript

Summary

Google’s regulatory headaches continue. A judge, yesterday, ordered the Alphabet-subsidiary to open up its Google Play app store as part of the Epic Games antitrust suit, and today it could face potential remedies in the DOJ's search monopoly trial. Plus, shares of the video game platform Roblox are falling today after the short-seller Hindenburg Research announced a short position, claiming that Roblox is lying about the number of people on the platform and failing to protect underage users against predators.

Transcript

Click on a timestamp to play from that location

0:00.0

More regulatory headaches for Google after a judge yesterday ordered alphabet's subsidiary to open up its

0:06.1

Android App Store as part of the Epic Games antitrust suit and additional headwinds could be ahead today

0:12.0

in the DOJ's search trial.

0:14.4

Our Deirdre Bosa here with what we can expect for today's Tech Check.

0:17.4

Hi Deirdre.

0:19.3

And what it all means a lot of this is just piling on and Sarah for years.

0:23.4

Just the threat of antitrust action

0:25.8

that's been lurking beneath the surface,

0:27.7

but largely unaccounted for by investors.

0:29.9

Now, however, we are starting to see real impact, starting with the judge's order yesterday in that

0:35.2

epic case, and then later today we'll see remedies from the DOJ and the government's search

0:39.7

monopoly case.

0:40.8

So it is getting harder and harder for markets to remain complacent.

0:44.0

Shares filed by more than 2% yesterday and as we've been mentioning

0:48.0

Alphabet is the cheapest Magnificent 7th stock by Forward PE multiple. So yes cases they can take

0:55.3

years even if we have a decision because Google will appeal but injunctions as we

1:01.0

now see can take down Wald Gardens and in the meantime create

1:04.8

openings for competitors hit Google's bottom line. The judge in the Epic case

1:09.4

ordered an injunction yesterday that breaks open Google's

1:13.0

Android's App Store monopoly.

1:14.7

Now he ruled that for the next three years,

1:17.0

Google must allow developers to bring their own

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.