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Epic Games vs Apple: could the court case fail?

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The judge at the centre of the Epic Games and Apply lawsuit has warned both parties that the outcome may not be favourable for either company

Neither Epic games nor Apple might win the Lawsuit

U.S. District Judge Yvonne Gonzalez Rogers says she thinks there will be no winner in the ongoing Epic Games vs Apple lawsuit.

She says she remains unconvinced that Apple’s App Store allows for any “real competition”.

The judge also questioned the motive behind Epic Games’ lawsuit against Apple. She said it could turn the Fortnite creator from “a multibillion-dollar company into a multitrillion-dollar company.”

Epic Games, the makers of Fortnite, file separate cases against Apple and Google

Epic Games accused the trillion-dollar companies of using their control of the iOS and Android markets to breach laws forbidding the misuse of market power.

And there does appear to be enough evidence for the judge to completely upend the $142 billion app store market.

The trial revealed the stakes at play for both Epic Games and Apple

The judge assessed a range of options, ranging from leaving Apple’s App Store as it is, to ordering a radical overhaul of the company’s policies.

If she opts for the latter, it would completely change the market.

Apple’s App Store makes around $20 billion a year for the tech giant, meaning they have a lot to lose.

Epic Games also has a lot riding on the lawsuit. Apple removed Fortnite from its app store last year. The game made Epic $5 billion in 2020 from the App Store alone.

Australia’s consumer watchdog enters the showdown

This comes amid reports that Google may also enter the fray before a Federal Court appeal.

The decision could result in a US court determining if app stores run by tech Giants breach Australian competition law.

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Money

Warner Brothers & Discovery considers splitting up to boost stock value

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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