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    GOOGL   US02079K3059

ALPHABET INC.

(GOOGL)
  Report
Real-time Estimate Cboe BZX  -  07:57 2022-09-28 pm EDT
99.86 USD   -0.19%
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EU antitrust regulators quiz developers on Google app payments - sources

08/04/2022 | 03:46pm EDT
FILE PHOTO: The logo for Google LLC is seen at the Google Store Chelsea in Manhattan, New York City, U.S.

BRUSSELS (Reuters) - EU antitrust regulators have asked app developers whether Alphabet unit Google's threat to remove apps from its Play Store if they use other payment options instead of its own billing system has hurt their business, two people familiar with the matter told Reuters.

Critics say fees charged by Google and Apple at their mobile app stores are excessive and cost developers collectively billions of dollars a year, a sign of the two companies' monopoly power.

Questionnaires were sent to developers last month, the people said.

Of the 16 questions in the document, some covered the period 2017-2021 and others 2019-2021. The European Commission declined to comment. Google did not respond to an emailed request for comment.

The U.S. tech giant has said apps would be removed from its app store starting June this year if developers do not use its billing system.

Respondents were asked whether Google's policy change this year impacted the distribution of their goods or services on Google Play Store, which apps were affected and if it affected their ability to acquire users on Android devices, the people said.

Regulators wanted to know if the change has forced developers to drop other payment options in favour of Google Billing and whether migrating users to another payment option affected the number of pre-existing users and the developers' access to data.

Developers were asked whether they believed they could offer a better service or product if they have the option of another payment system.

The EU competition enforcer also wanted to know if Google allowed them to use an alternative payment system, charged a service fee for this or complained about the security of their payment method.

App developers were asked if U.S. payments giant Stripes, Dutch payment system Adyen and PayPal unit Braintree are seen as alternative payment systems.

Last month, Google said non-gaming app developers can switch to rival payment systems with a lower fee of 12% instead of 15%, with the move applying to European users, in order to comply with EU rules that will come into force next year.

Politico first reported about the Commission's query.

(Reporting by Foo Yun Chee; Editing by Kirsten Donovan)

By Foo Yun Chee


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ADYEN N.V. -0.90% 1271.2 Real-time Quote.-45.01%
ALPHABET INC. 2.62% 100.05 Delayed Quote.-30.93%
APPLE INC. -1.27% 149.84 Delayed Quote.-14.54%
PAYPAL HOLDINGS, INC. 6.26% 91.12 Delayed Quote.-51.68%
POWER SOLUTIONS, LTD. 0.89% 2490 Delayed Quote.5.65%
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Financials (USD)
Sales 2022 290 B - -
Net income 2022 68 222 M - -
Net cash 2022 131 B - -
P/E ratio 2022 19,2x
Yield 2022 -
Capitalization 1 309 B 1 309 B -
EV / Sales 2022 4,07x
EV / Sales 2023 3,61x
Nbr of Employees 174 014
Free-Float 89,4%
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Technical analysis trends ALPHABET INC.
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Mean consensus BUY
Number of Analysts 51
Last Close Price 100,05 $
Average target price 142,60 $
Spread / Average Target 42,5%
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Managers and Directors
Sundar Pichai Chief Executive Officer & Director
Ruth M. Porat Chief Financial Officer & Senior Vice President
John LeRoy Hennessy Chairman
John L Doerr Independent Director
Ann Mather Independent Director
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