• 132
  • 43
  • Favorite

How Can Amazon, Microsoft, Netflix, Spotify Gain From New Big Tech Bill?

Benzinga2021-08-17

  • Last Wednesday, a bipartisan group of Senators launched a bill to rein the growing mobile operating system dominance of Apple Inc (NASDAQ: AAPL) and Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) Google.
  • The Open App Markets Act threatens the iPhone maker's $22 billion in annual high-margin revenue it makes from the App store. Apple has protested against the bill citing user security and privacy concerns, Bloomberg reported
  • Spotify Technology SA (NYSE: SPOT), Tile Inc, and Match Group Inc (NASDAQ: MTCH) had previously alleged that Apple and Google's app stores are barriers to competition, especially their commissions on mobile device transactions. Epic Games too leveled similar allegations and is seeking its payment system for in-app purchases in its games.
  • The bill can have far-reaching consequences if it becomes the law. An iPhone owner would be able to download another app store to bypass Apple's or install apps and its approval process.
  • App makers like Amazon.com Inc (NASDAQ: AMZN), Netflix Inc (NASDAQ: NFLX), and Spotify can direct customers to their websites to sign up for subscriptions, dodging Apple's commissions.
  • Bloomberg notes that the law could be a boon for Amazon as it owns an app store and Spotify too, which itself has been blamed for unfair competition and shoddy treatment of artists.
  • Microsoft Corp (NASDAQ: MSFT) can also defend its Xbox gaming service from the bill's provisions by projecting it as an entertainment console instead of a computing platform.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment43

  • BlessedCyrus
    ·2021-08-17
    Its like allowing customer to buy KFC from a Macdonald restaurant and payment is made to KFC...
    Reply
    Report
  • Stchua
    ·2021-08-17
    [Smile] 
    Reply
    Report
  • TeoKK
    ·2021-08-17
    Good.
    Reply
    Report
  • Wins888
    ·2021-08-17
    cool
    Reply
    Report
  • calebxiong
    ·2021-08-17
    Pls like and comment, I will do the same. Thanks!
    Reply
    Report
    Fold Replies
    View more 2 comments
  • richcat
    ·2021-08-17
    Go Fang
    Reply
    Report
    Fold Replies
    • Wins888
      ok
      2021-08-17
      Reply
      Report
  • GrowGrowGrow
    ·2021-08-17
    Grow Grow Grow 
    Reply
    Report
  • SkyMah
    ·2021-08-17
    Like pls
    Reply
    Report
    Fold Replies
  • unitlancer
    ·2021-08-17
    Like pls
    Reply
    Report
    Fold Replies
    • SkyMah
      ok
      2021-08-17
      Reply
      Report
  • EstherTurtle
    ·2021-08-17
    Gd
    Reply
    Report
    Fold Replies
    • JoeK
      yay
      2021-08-17
      Reply
      Report
  • Mrcool0917
    ·2021-08-17
    Good morning all!
    Reply
    Report
  • DarwinNg
    ·2021-08-17
    Thanks for sharing
    Reply
    Report
  • carene6666
    ·2021-08-17
    Like
    Reply
    Report
    Fold Replies
  • TLC
    ·2021-08-17
    Ok
    Reply
    Report
  • SSim
    ·2021-08-17
    Like pls
    Reply
    Report
  • Siak
    ·2021-08-17
    Wow
    Reply
    Report
  • Zeruel
    ·2021-08-17
    Like pls
    Reply
    Report
  • Tatsuya
    ·2021-08-17
    Oh
    Reply
    Report
    Fold Replies
  • EveryoneHuat
    ·2021-08-17
    Good
    Reply
    Report
  • sinneDteo
    ·2021-08-17
    Good luck everyone
    Reply
    Report
    Fold Replies
    • Kisshan
      Good luck to you too bro
      2021-08-17
      Reply
      Report
 
 
 
 

Most Discussed

 
 
 
 
 

7x24

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email:uservice@ttm.financial