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Google search, Play Store falling foul of Digital Markets Act rules, says EU

1. Google suspected of breaching EU's Digital Markets Act with Search and Play Store. 2. Violations could lead to fines of up to 10% of global annual turnover. 3. EU preliminarily finds Google favoring its own services in search results. 4. Concerns raised over app developers' steering abilities in Google's Play Store. 5. Google may face significant changes impacting its operations in the EU.

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FAQ

Why Bearish?

Potential fines and operational changes could materially affect Google’s profits, mirroring similar outcomes faced by Apple.

How important is it?

The article outlines serious regulatory challenges which could lead to financial penalties for Google.

Why Short Term?

Investigations and potential fines are likely to have immediate financial implications for Google.

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