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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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Why the meme-stock frenzy is unlikely to repeat

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GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

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Why are airlines after the Biden Administration?

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Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

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The mounting pressure on Government spends

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Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending

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