Google accuses Microsoft of anticompetitive cloud business practices
Alphabet Inc.'s (GOOGL)(GOOGL) Google Cloud on Thursday accused rival Microsoft Corp. (MSFT) of anticompetitive cloud-computing practices. The first public comments from Google Cloud Vice President Amit Zavery to Reuters underscore Google's concerns shared with antitrust agencies and a request for European Union antitrust regulators to take a closer look. Microsoft referred to a blogpost in May in which company president Brad Smith said it "has a healthy number two position when it comes to cloud services, with just over 20% market share of global cloud services revenues." In a statemen to MarketWatch, a Microsoft spokesperson said: "In October 2022, we introduced changes to our licensing practices that address the feedback that we heard from European cloud providers. We are grateful for the productive conversations that led us there and appreciate the feedback that we have received since. We are committed to the European Cloud Community and their success."
-Jon Swartz
This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
03-30-23 1519ET
Copyright (c) 2023 Dow Jones & Company, Inc.-
Going Into Earnings, Is Eli Lilly Stock a Buy, a Sell, or Fairly Valued?
-
What’s the Difference Between the CPI and PCE Indexes?
-
5 Stocks to Buy That We Still Like After They’ve Run Up
-
Markets Brief: Stocks Are Starting to Look Cheap Again
-
Will Earnings From These 10 AI Stocks Live Up to the Hype?
-
What’s Happening In the Markets This Week
-
What the Next Bitcoin Halving Means for ETF Investors
-
Going Into Earnings, Is Microsoft a Buy, a Sell, or Fairly Valued?
-
Alphabet Shares Surge on Strong Earnings, Dividend Surprise
-
Microsoft Earnings Beat Forecasts on Strong AI and Cloud Demand
-
PG&E Earnings: Near-Term Regulatory Certainty Supports Industry-Leading Earnings Growth
-
10 Best Blue-Chip Stocks to Buy for the Long Term
-
After Earnings, Is Netflix Stock a Buy, a Sell, or Fairly Valued?
-
ServiceNow Earnings: Strong Quarter With In-Line Guidance and Increasingly Attractive Valuation
-
Ford Earnings: Pro Continues to Impress While EV Costs Are Contained
-
Boeing Earnings: Paying for Mistakes Made Long Ago, Taking Back the Factory Floor