Insider Monkey Regulatory and legal
$353M Settlement Barely Dents Alphabet’s (GOOGL) Bigger Bet
On August 27, Alphabet (NASDAQ:GOOGL) agreed to pay £260 million, about $353 million, to settle a lawsuit accusing Google of abusing its dominance over the Play Store, including its standard 30% commission. The claim, led by academic Barry Rodger, once sought more than £1 billion and was due for trial next month at London's Competition Appeal Tribunal before …