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Venture funding for app startups has decreased from 14% in 2016 to 2.5% this year. Epic Games' legal victory against Google is expected to impact this trend. Epic's CEO, Tim Sweeney, highlighted the 30% fees as a major obstacle for Fortnite. Google's antitrust defeat has implications for the app economy, particularly in terms of competition, billing system, and profit pools. Epic Games' recent legal victory against Google has raised concerns about the impact on the app store economy and the ability of Google to stifle Play Store competitors.
Epic Games CEO fears Google may still be able to stifle Play Store competitors https://t.co/rShxgWLDye
As the Epic vs. Apple App Store lawsuit waits to see if the Supreme Court will step in, Google had far worse luck against the 'Fortnite' developer. Here's all you need to know, updated Dec. 16, 2023. By @MalcolmOwen https://t.co/RL13QN9iEN
An interview with Tim Sweeney about Epic's win over Google and his concerns that Google will "get away with continuing their scheme" through "fake" remedies (@macton93 / Financial Times) https://t.co/hLdL5P9c6Z 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/8mi3Dt8Bry
What Google’s antitrust defeat means for the app economy: Tech giants will try to defend their profit pools in the face of courts and regulators https://t.co/3046t3OAn6
The curious case of Epic Games: how the developer beat Google but not Apple https://t.co/jCVx1sMPIU
Epic Games' Tim Sweeney is on a winning streak. His company defeated Google in court on Monday, and its years-old megahit “Fortnite” is undergoing a resurgence in popularity. https://t.co/nUqMfFfpd7 https://t.co/nUqMfFfpd7
Epic Games chief concerned Google will ‘get away’ with app store charges https://t.co/4HI0VL3YiS
What Google's courtroom loss to Epic Games could mean for the tech world https://t.co/MdtUsuJUf2
Some app developers want to be freed from Google’s billing system. This would make the app-store economy more competitive—especially for games. The tech giants do not like this one bit https://t.co/q9qkbCMYyG 👇
What Google’s antitrust defeat means for the app economy. Tech giants will try to defend their profit pools in the face of courts and regulators https://t.co/oEKRMsDFDs 👇
Epic's CEO Tim Sweeney cites "ridiculous 30% fees" as a major obstacle stopping Fortnite from dropping on Steam. https://t.co/TMVDwVVW0t
NEW! @Forbes @ForbesTech @ThisWeekInXR @EpicGames Triumphs Over @Google, @MistralAI Raises $415 Million, $56.5 Million For @EssentialAI Plus new Cinemtic #AI Ray-Ban Stories reviewed by @anshelsag . https://t.co/1Q2ichzloP
In 2016, app startups got 14% of all venture funding, per our data, with companies like @Uber and @Snap pulling in billions. This year, funding has dwindled to 2.5%. Will @EpicGames' legal victory against @Google help change that trajectory? https://t.co/bhz79apMHr