31 October 2022 | Other

Google Play is target of EU antitrust investigation

The European Commission’s antitrust enforcers are investigating Google Play Store developed by Google (Alphabet unit), as stated in a regulatory filing.

According to Google's quarterly earnings filing released on October 25, the European Commission (EC) and the Britain's Competition and Markets Authority (CMA) began to look into Google Play practices in May 2022.

The EU antitrust enforcers opened an investigation on the impact of Google's threats to ban some apps from its Play Store. According to Reuters, app developers will have to use third-party payment providers instead of their own billing system.

In addition to this, Google said Thursday that it would appeal the charge, which included a record-breaking 4.1-billion-euro fine, at Europe's top court. The charge against Google found that the company abused its market dominance in the mobile operating systems market. Last month, a lower tribunal dismissed Google's challenge to the EC finding. 

Google officials announced that they were preparing the appeal. The deadline for the court is Dec. 1.

Company MarketCheese
Period: 24.10.2025 Expectation: 1600 pips
GBPUSD is poised to retest 1.34800
Today at 10:38 AM 21
Period: 31.10.2025 Expectation: 600 pips
Break below 0.908 could send AUDCAD to autumn lows
Today at 07:30 AM 24
Period: 24.10.2025 Expectation: 290 pips
Brent crude to rebound to $62.90
Today at 07:21 AM 23
Period: 30.11.2025 Expectation: 2500 pips
Buying NVIDIA shares upon return to $170 support
Yesterday at 10:53 AM 52
Period: 23.10.2025 Expectation: 28500 pips
Opening long positions on ETHUSD as buying interest recovers
Yesterday at 10:35 AM 47
Period: 20.10.2025 Expectation: 1500 pips
Buying GBPUSD on weaker US dollar and potentially positive UK data
Yesterday at 09:13 AM 40
Go to forecasts