For nearly a decade, mega-cap technology leaders like Amazon, Microsoft, Google, and Apple have dominated the U.S. stock market. Those days appear to be over, according to Goldman Sachs.
(Bloomberg) -- Google now faces more than 21 million customers, instead of just a handful, in a lawsuit alleging its app store collects exorbitant fees.Most Read from BloombergApple to Lose 6 Million iPhone Pros From Tumult at China PlantNext Covid-19 Strain May be More Dangerous, Lab Study ShowsStocks Hit by Fedspeak as China Woes Boost Havens: Markets WrapThere’s a Job-Market Riddle at the Heart of the Next RecessionA federal judge exponentially increased the Alphabet Inc. unit’s damages expos
A U.S. judge in California on Monday allowed litigation against Alphabet Inc's Google to proceed as a consumer class action of 21 million individuals who accuse the company of violating U.S. anti-competition laws in how it runs its Google Play app store. U.S. District Judge James Donato said in a 27-page order that the plaintiffs had established the legal elements of "commonality" and other factors to form a class action that alleges anticompetitive business practices. The class members are Google Play Store individual consumers in 12 states, including Ohio, Michigan and Georgia, in addition to American Samoa, Guam, Northern Mariana Islands, Puerto Rico and the U.S. Virgin Islands.