Not just a startup from India, but many are calling for Google’s in-app billing system to be temporarily suspended. Companies pay high fees even when third-party payment options are specified. Even under the new competition guidelines, companies would like to see further investigation. A new system is not to be implemented until the end of April. From Google’s point of view, the problem is solved with the User Choice Billing System (UCB), but startups see it differently. They would therefore like to ask the Indian Antitrust Authority once again to launch an investigation and look into this.
From a chart perspective, Google stock has hit a low of $83 since its last high of about $151, a decline of about 45%.
Since the end of 2022, however, the share has been in a sideways phase, which was broken upwards for the 2nd time last week. Due to the current news, price declines are initially possible here,
thus the $100 mark could be tested.