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Google Agrees to Pay $700M in Play Store Lawsuit Settlement

Google Play Store Getty
Google said today it will pay $700 million — $630 million to U.S. consumers and $70 to a fund used by U.S. states — in a settlement over Play Store reached in September. In September, the company reached a tentative settlement in a class action lawsuit filed by U.S. states and consumers originally filed in 2021. The complaint highlighted Google’s monopoly over app distribution on Android through the Play Store. Today, the company said it will expand the program in the country as part of the settlement. The company also said that it would make the sideloading process streamlined without giving any further details about the new process.

The Expensive Investment: Automattic’s $50 Million Purchase of Texts.com

Equity Podcast 2019 Phone
You may recall that Automattic bought all-in-one messaging app Texts.com for $50 million back in October. Well, we had questions, not just about the deal, but also the state of the written word online. So, we brought on Matt Mullenweg, the CEO of Automattic and co-founder of WordPress, along with Kishan Bagaria, the founder of Texts.com., to talk about the transaction and what it means. A few notes before you hit play: First, Automattic is more acquisitive than you’d expect. Alright, sit back, hit play, and have some fun with us!