Google and its parent company Alphabet know that the political tides are shifting on Big Tech and that antitrust actions are ramping up. With that in mind, the Internet titan has offered $90 million to settle a class-action lawsuit brought against it by small app developers alleging Google's Play Store violated federal antitrust regulations. Specifically, the suit claimed that listing on the Play store required small app users to process payments through Google's proprietary payment platform, which then charged a 30% fee. Google initially responded to this suit by lowering the fee to 15% on the first million dollars.
💸 An Alphabet That Begins with Settlement
💸 An Alphabet That Begins with Settlement
💸 An Alphabet That Begins with Settlement
Google and its parent company Alphabet know that the political tides are shifting on Big Tech and that antitrust actions are ramping up. With that in mind, the Internet titan has offered $90 million to settle a class-action lawsuit brought against it by small app developers alleging Google's Play Store violated federal antitrust regulations. Specifically, the suit claimed that listing on the Play store required small app users to process payments through Google's proprietary payment platform, which then charged a 30% fee. Google initially responded to this suit by lowering the fee to 15% on the first million dollars.