Epic Games Takes Anticompetitive Battle Against Google To Australia: Bloomberg


27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


Epic Games Inc filed a lawsuit against Alphabet Inc’s (NASDAQ: GOOG) (NASDAQ: GOOGL) Google in Australia for anticompetitive practices regarding the commissions charged in its app store, Bloomberg reports.

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  • The Fortnite-maker alleged Google’s anticompetitive practices on the Android operating system compelling developers to use its payment systems. Google allegedly obstructed the direct software download to Android devices by compelling users to obtain the apps via Google Play Store, the statement.
  • Epic had filed multiple legal claims against both Google and Apple Inc (NASDAQ: AAPL) in the U.S. and the U.K. over removing its popular Fortnite video game from its platforms last year. Epic had attempted to bypass Google and Apple’s 30% fee by launching its direct payment option.
  • Epic justified its move citing the users’ freedom of choice and fair competition.
  • Epic recently disclosed its plans of continuing its battle with Google and Apple when a U.K. judge disallowed Epic’s lawsuit against Apple over the anticompetitive commissions in London.
  • Price action: AAPL shares are down 0.90% at $119.86 in the pre-market session on the last check Wednesday. GOOG shares closed higher by 1.41% at $2,052.70 on Tuesday.

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


Posted In: NewsLegalTechMediaantitrust complaintsEpic GamesFortnite