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Google Agrees to Pay $700 Million in Monopoly Settlement, Boosts Competition in Its App Store

Summary

Google, the American technology company, has agreed to pay $700 million to US consumers and federal states as part of an antitrust settlement in a federal court in San Francisco. The court found that Google’s app business had disrupted market […]

Google se složio da plati 700 miliona dolara u sporazumu o monopolu, obezbeđuje veću konkurenciju u svojoj prodavnici aplikacija

Google, the American technology company, has agreed to pay $700 million to US consumers and federal states as part of an antitrust settlement in a federal court in San Francisco. The court found that Google’s app business had disrupted market competition. This decision marks a significant step towards establishing equal conditions for everyone in the digital environment.

In addition to the financial compensation, Google has also committed to enabling greater competition in its Play app store. The company will contribute $630 million to a consumer fund to provide compensation for affected parties, and $70 million to a fund that will benefit US federal states.

Besides the monetary settlement, Google has also pledged to simplify the ability for users to download apps directly from developers, thereby improving competition in the digital sphere.

However, this is not the only legal challenge Google is facing. The company is also confronted with other lawsuits that challenge its search and digital advertising practices. Nevertheless, this settlement represents an important step towards recognizing the significance of fair competition and providing equal opportunities for all participants in the digital market.

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