Streaming Wars, Curious Acquisitions
Motley Fool Hidden Gems Investing
The Motley Fool
4.3 • 3.1K Ratings
🗓️ 9 July 2021
⏱️ 39 minutes
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| 0:00.0 | Everybody needs money. That's why they call it money. |
| 0:07.0 | From full global headquarters, this is Motley Fool Money. |
| 0:10.0 | It's the Motley Fool Money radio show. I'm Chris Hill joining me this week's senior |
| 0:22.5 | analyst Emily Flippin and Jason Moser. Good to see you both. |
| 0:26.0 | Hey, Chris. |
| 0:27.0 | We've got the latest headlines from Wall Street. We'll take stock of the streaming entertainment |
| 0:32.0 | landscape. And as always, we've got a couple of stocks on our radar. |
| 0:35.0 | But we begin with big tech under the microscope. This week, the attorneys general from 36 states |
| 0:42.0 | and the District of Columbia filed an antitrust lawsuit targeting Google's App Store. |
| 0:47.0 | The suit argues that Google maintains a monopoly for distributing apps in the Android operating system. |
| 0:54.0 | Emily, how worried should Alphabet shareholders be about this lawsuit? |
| 0:59.0 | Well, it'll be interesting to see where this lawsuit goes because lawsuits like this in recent history |
| 1:04.0 | haven't amounted to much. However, I think it's fair to say there is mounting pressure both within the US government |
| 1:10.0 | but also across the world, the EU in particular, against big monopolistic companies, Alphabet being one of them. |
| 1:17.0 | In addition to the claims that you mentioned, Chris, they actually include these kind of crazy assertations that Google bought off developers |
| 1:25.0 | to dissuade them from distributing apps outside of Google's own store that they're collecting extravagant commissions |
| 1:32.0 | and even paying Samsung not to develop a competing App Store. So if any of those come to light, especially paying off a competitor like Samsung, |
| 1:42.0 | Alphabet could certainly be in trouble. What's even more interesting and what gave me probably the biggest chuckle reading about this story was that Google's only real defense |
| 1:52.0 | was to really just point their finger at Apple and say, well, have you seen what they're doing? Why are you mad at us? It's really not the most compelling argument. |
| 2:02.0 | Yeah, I mean, I guess I don't blame them for reminding regulators and attorneys general that Apple exists with its own App Store, but that doesn't seem like the greatest defense. |
| 2:12.0 | Well, it's not again, a compelling argument, but it does highlight the duopoly that exists in mobile operating systems today. |
| 2:19.0 | If I was a shareholder in Alphabet and I am somebody who owns an index fund, so I am effectively a shareholder in Alphabet, I wouldn't be sweating too much. |
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