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Google Can No Longer 'Adequately Represent' Apple's Interests — iPhone-Maker Seeks To Defend $20 Billion Search Deal In Landmark Antitrust Case

www.benzinga.com 25-12-2024 04:08 1 Minutes reading
Apple Inc. (NASDAQ:AAPL) intends to participate in the upcoming U.S. antitrust trial involving Alphabet Inc.'s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google.What Happened: The move comes as Apple seeks to defend its billion-dollar revenue-sharing agreements with Google, a significant source of income for the tech giant, reported Reuters.According to court documents filed in Washington on Monday, Apple has no plans to develop its own search engine to compete with Google, irrespective of the continuation of the payments.Apple said, “Google can no longer adequately represent Apple's interests: Google must now defend against a broad effort to break ...Full story available on Benzinga.com

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Futu Hldgs's (NYSE:FUTU) short percent of float has fallen 9.88% since its last report. The company recently reported that it has 4.46 million shares sold short, which is 4.47% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.57 days to cover their short positions on average.Why Short Interest MattersShort interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price ...Full story available on Benzinga.com

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