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Google to open Android for 3rd-party stores, judge in Epic Games case rules

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Top stories today:

  1. Google to open Android for 3rd-party stores, judge in Epic Games case rules
  2. FTX’s liquidation plan approved by judge to pay back customers 119%+
  3. Samsung issues rare apology for missing preliminary operating earnings

0. Data and calendar

All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).

All times are ET.

1. Google to open Android for 3rd-party stores, judge in Epic Games case rules

  • From Nov. 1, 2024 - 2027:

    • Google must stop mandatory its billing for Play Store apps.

    • Full Google Play app access must be given to rival third-party stores.

    • Android devs can share alternative payment options with users.

    • Users also get the links to download apps outside of the Play Store.

    • Devs can set their own prices, independent of Play Billing.

  • Google said it would appeal the verdict as the ruling will cause “unintended consequences” for consumers.

Epic Games CEO Tim Sweeney called the order a “victory”

  • Aug. 2020: when Epic Games first sued Google over alleged Play Store antitrust practices.

  • Apple was also sued by the game developer, but it mostly won.

  • 30 days: a 3-person committee will be set up by Epic and Google to review disputes.

  • Notably, the injunction is limited to the U.S. only.

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3. FTX’s liquidation plan approved by judge to pay back customers 119%+

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