Google Blocks Android Auto Access, May Violate EU Rules, According To Court Adviser
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 05 2024
0mins
Should l Buy GOOGL?
Source: Benzinga
Google's Competition Violation: An adviser from the Court of Justice of the European Union suggests that Google's refusal to allow Enel SpA's e-mobility app, JuicePass, access to Android Auto may breach competition laws, leading to a fine of 102 million euros imposed by Italy’s antitrust regulator in 2021.
Google's Response and Future Actions: Google cited security concerns for blocking the app but has since worked on resolving the issue and awaits the final decision from the CJEU, which typically follows the Advocate General's opinions.
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Analyst Views on GOOGL
Wall Street analysts forecast GOOGL stock price to fall
33 Analyst Rating
26 Buy
7 Hold
0 Sell
Strong Buy
Current: 384.800
Low
305.00
Averages
374.25
High
400.00
Current: 384.800
Low
305.00
Averages
374.25
High
400.00
About GOOGL
Alphabet Inc. is a holding company. The Company's segments include Google Services, Google Cloud, and Other Bets. The Google Services segment includes products and services such as ads, Android, Chrome, devices, Google Maps, Google Play, Search, and YouTube. The Google Cloud segment includes infrastructure and platform services, collaboration tools, and other services for enterprise customers. Its Other Bets segment is engaged in the sale of healthcare-related services and Internet services. Its Google Cloud provides enterprise-ready cloud services, including Google Cloud Platform and Google Workspace. Google Cloud Platform provides access to solutions such as artificial intelligence (AI) offerings, including its AI infrastructure, Vertex AI platform, and Gemini for Google Cloud; cybersecurity, and data and analytics. Google Workspace includes cloud-based communication and collaboration tools for enterprises, such as Calendar, Gmail, Docs, Drive, and Meet.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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