4 Tech Stock Stories Making a Fuss On Thursday
Google (NASDAQ:GOOG): Closing price $877.00
The Financial Times reports that European Union antitrust regulators are apparently exploring allegations that Google employs anticompetitive practices to sell more of its Android mobile operating systems, and that an informal inquiry is in a ”preliminary stage,” in which the publication cites a leaked document. Back in April, a group of Google’s competitors told EU antitrust regulators that Google utilizes its Android software as a ‘Trojan Horse,’ giving it away free and then exploiting the resulting traffic. The group goes by FairSearch, and is supported by Microsoft Corporation, Expedia, Oracle and TripAdvisor, among others; the firms say that Google’s free Android distribution is “predatory” as releasing it “below cost makes it difficult for other providers” to compete.
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