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Wall Street Breakfast
Epic Games v. Google
Nov 6, 2023
Epic Games takes Google to court over antitrust claims. Mention of potential acquisition in cybersecurity industry. Elon Musk unveils AI bot. Updates on Berkshire Hathaway's Q3 earnings, oil production cuts, potential bank failures, and market updates.
06:10
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Quick takeaways
- Epic Games is taking Google to court over antitrust claims related to Google's Play Store's payment system.
- Palo Alto Networks is close to acquiring cybersecurity startup Talon Cybersecurity to strengthen its presence in the market.
Deep dives
Epic Games sues Google over antitrust claims
Epic Games, the maker of Fortnite, is taking Google to court over antitrust claims related to Google's Play Store's in-house payment system. Epic alleges that Google has been illegally driving up fees and restricting rivals. The trial begins today, with Epic seeking changes to Google's practices rather than financial compensation. This follows a similar case filed by Epic against Apple, where a California court found no antitrust violation but required Apple to allow apps to provide alternative payment options.
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