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New York Post
19 days

Google loses appeal in lawsuit filed by ‘Fortnite' maker Epic Games as app store verdict upheld

1. Google lost an appeal against an antitrust ruling regarding its Play store. 2. The court ordered Google to allow rival app stores and improve competition. 3. Epic Games accused Google of unfairly monopolizing Android app access. 4. Microsoft and U.S. agencies supported Epic in the antitrust case. 5. The outcome could potentially reach the U.S. Supreme Court.

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Why Bearish?

The ongoing legal challenges and required reforms can lead to increased operational costs, similar to past antitrust cases which impacted stocks like Microsoft during the 1990s.

How important is it?

The article directly addresses ongoing antitrust proceedings against Google, highlighting potential challenges that could adversely affect its market position and investor sentiment.

Why Long Term?

The implications of this ruling may reshape the app ecosystem for years, affecting Google’s market dominance and revenue models.

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