Italy opens competition investigation over cloud storage services
Some of the world's largest #cloud storage
services providers: Apple,
Dropbox, and Google, are under scrutiny in Italy over unfair commercial
practices.
The Competition and Market Authority of
Italy stated in a press release that it launched six investigations into Google
Drive, iCloud, and Dropbox. According to it, they seek to see if the three
American companies failed to properly inform how their services would collect
and use the data provided by the user for commercial purposes. Dropbox is believed to
have failed when providing straightforward and accessible instructions on how
its users could end their contracts with the company or close conduct
settlements outside court.
For Apple, this is not the first legal
rodeo. In July, the Italian officials raided Amazon and Apple's offices as part
of another competition probe. The inquiry was meant to determine if the two
companies were part of anti-competitive cooperation when selling Beats
headphones and Apple goods.
According to various sources, The New York Times stated that the US
Department of Justice is considering filing an antitrust suit against Google.
"Justice Department officials told lawyers involved in the antitrust
inquiry into Alphabet, the parent company of Google and YouTube, to wrap up
their work by the end of September, according to three of the people."
Also, both Apple and Google are involved in a
suit filed by Epic Games in the States. The game developer invoked unfair
practices regarding in-app payments.
Currently, before-hours trading, Apple
stock price is #trading 3.27% lower. Google’s Alphabet continues its decrease
from Monday, by losing 0.95%. Dropbox is at -1.27% in today’s pre-market
session.
Esta información está preparada para su circulación general. No se refiere a ningún objetivo de inversión específico, situación financiera o necesidad particular de un receptor.
Debería evaluar independientemente cada producto financiero y considerar la idoneidad de dicho producto, teniendo en cuenta sus objetivos de inversión específicos, la situación financiera o las necesidades particulares, y consultar con un asesor financiero independiente si fuera necesario, antes de operar con los productos financieros mencionados en este documento.
Esta información no debe ser publicada, estar en circulación, reproducida o distribuida en su totalidad o en parte a ninguna persona sin el consentimiento previo por escrito de la Compañía.
El rendimiento pasado no es siempre indicativo de las probabilidades o del rendimiento futuro. Todos los puntos de vista y opiniones presentados son exclusivamente del autor y no representan necesariamente las de za.capex.com
