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Google's loss to Epic Games could reshape the app market. Geopolitics pose a bigger threat to the economy than financial institutions. Macy's potential buyout and struggles in the retail market. Teens spending more time on YouTube than TikTok. Apple trying to shut down Android's hope for iMessage.
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Quick takeaways
- Google's app store monopoly ruling in favor of Epic Games could reshape the mobile internet landscape.
- Geopolitical risks are now considered a higher threat to the economy than central bank policy mistakes or consumer spending pullback.
Deep dives
Google Faces Legal Ruling Over App Store Monopoly
In a major case brought by Epic Games, a jury ruled that Google operates a legal monopoly on its app store and billing service. This could have significant consequences, as the judge may impose penalties that force Google to allow alternative payment and distribution methods outside of its app store, potentially costing billions in revenue. This ruling is a win for Epic and could reshape the mobile internet landscape.
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highlights
Listen to the best highlights from the podcasts you love and dive into the full episode