šØ Google Faces $12.6M Fine in Indonesia for Monopolistic Practices! šØ
KPPU fines Google for enforcing exclusive billing, blocking alternatives, and hurting developers. What's next for Google? Stay tuned!
šØ Breaking News: Google Fined by Indonesian Antitrust Agency šØ
In a major blow to Google's operations, the Indonesian antitrust agency (KPPU) has imposed a hefty fine of IDR 2.025 trillion (~$12.6 million) for monopolistic practices related to its Google Play Store payment system.
š“ What Happened? The fine stems from Google enforcing the exclusive use of its Google Play Billing (GPB) system, charging developers up to 30% in fees while blocking alternative payment options. This practice led to user declines, lower transaction volumes, and financial losses for developers.
šµ The Order:
Stop enforcing the GPB system.
Allow developers to join the User Choice Billing (UCB) program.
Offer at least a 5% service fee discount within a year.
Google plans to appeal the decision, maintaining that their practices promote healthy competition. This fine follows a string of similar penalties from other countries, including India, South Korea, and the EU, with Japan possibly next in line.
š± Stay tuned for more updates on this developing case!
#Google #Indonesia #BTCNextATH? #Monopoly #GooglePlay #Regulation #TechNews
