Why Alphabet Stock Tripped and Fell on Thursday
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Alphabet's stock fell over 2% after a federal court rejected its appeal to change Google Play store policies. The ruling requires Alphabet to eliminate barriers preventing developers from creating their own in-app marketplaces. This decision stems from a lawsuit by Epic Games, which accused Google of operating an illegal monopoly. Alphabet expressed concerns that the ruling would harm user safety and stifle innovation. The company is now likely to move forward after this long-standing legal issue.
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