Saturday, August 28, 2021

Filing in AGs' lawsuit against Google: the Play Store hit revenues of $11.2B in 2019, with $8.5B in gross profit and an operating margin of over 62% (Paresh Dave/Reuters)

Paresh Dave / Reuters:
Filing in AGs' lawsuit against Google: the Play Store hit revenues of $11.2B in 2019, with $8.5B in gross profit and an operating margin of over 62%  —  Alphabet Inc's (GOOGL.O) Google generated $11.2 billion in revenue from its mobile app store in 2019, according to a court filing unsealed on Saturday …



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The UK's Ofcom opens an OSA probe into Meta over Instagram Instants, launched in May; Meta says it "briefed Ofcom about this feature on a number of occasions" (Reuters)

Reuters : The UK's Ofcom opens an OSA probe into Meta over Instagram Instants, launched in May; Meta says it “briefed Ofcom about thi...