Google suffered a heavy blow in the antitrust case, and its dominant position in the Android app market may be overturned.
A US judge issued a permanent injunction forcing Google to provide an alternative to the Google Play Store for Android phone users to download applications. Google will also be prohibited from paying fees to companies or sharing revenue in exchange for not competing with Google's app store. Alphabet, Google's parent company, saw its stock price drop over 2.4%, dragging down the large cap stocks significantly after the midday break. Analysts say that the latest ruling may accelerate the weakening of Google and Apple's control over the app store.
Google Play Store's doors forced open! US judge rules no restrictions on competition for three years.
①Google's profitable cash cow business is undergoing a crucial transformation as a federal judge in the USA ruled that Google cannot restrict its competitors from competing with Google Play Store; ②According to the ruling, in the next three years, Google will not be able to exchange commissions or revenue sharing for other companies not developing app stores, or make commitments for Google to exclusively distribute applications; ③Analysts point out that this will greatly promote the rise of the Android app store.
Epic wins the lawsuit! A US judge ruled that Google (GOOG.US, GOOGL.US) must open the Android system to third-party stores.
As of Monday's close, Google fell by 2.47%, closing at $164.39.
Futu Morning Post | Breaking news! The State Council Information Office will hold a press conference at 10 a.m. today, A-shares will open today; join the call on the Chinese stock market! Citigroup: There is still huge room for growth.
Overseas investors are pouring into Chinese stocks, with related funds attracting billions of dollars to set a new record; senior officials of the Federal Reserve temporarily withhold buying, eye-catching non-farm payroll data: overall risk balance slightly leaning towards labor market facing headwinds.
Trading volume TOP20 | Super micro computer soared nearly 16%, marking the largest single-day increase since May 15th; Apple fell more than 2%, downgraded by brokerage Jefferies.
On Monday, Nvidia ranked first in trading volume in the US stock market, rising by 2.24%, with a trading volume of $44.301 billion; Tesla ranked second, falling by 3.70%, with a trading volume of $16.593 billion; Apple ranked third, falling by 2.25%, with a trading volume of $8.8 billion.
Alphabet-C Options Spot-On: On October 7th, 85,421 Contracts Were Traded, With 1.3 Million Open Interest
On October 7th ET, $Alphabet-C(GOOG.US)$ had active options trading, with a total trading volume of 85,421 options for the day, of which put options accounted for 30.68% of the total transactions,