South Korea fined Google on Tuesday for allegedly abusing its power in the mobile market.
This is a recurring theme among the largest technology companies. Will
investors also penalize the world’s largest search engine by selling its stock?
A judge ruled on Friday that Apple has no right to force developers to use its app. This decision allows sellers to take consumers to other apps, apparently threatening the tech giant’s revenue. Morgan Stanley’s analysts, however, don't seem concerned that the decision will significantly affect the company’s continued growth.
Apple and Facebook led the NASDAQ-100 in its biggest slide in two weeks amid concerns over an economic slowdown, following Friday's underwhelming August payrolls data and signals of the Fed's tapering.