tl;dr
Microsoft (NASDAQ:MSFT) has been accused of anti-competitive practices in the cloud market in a complaint filed by a Spanish startup association to the National Markets and Competition Commission in Spain. The Asociación Española de Startups, which represents more than 700 startups in Spain, alleged...
Microsoft (NASDAQ:MSFT) has been accused of anti-competitive practices in the cloud market in a complaint filed by a Spanish startup association to the National Markets and Competition Commission in Spain. The Asociación Española de Startups, which represents more than 700 startups in Spain, alleged that Microsoft has not only taken advantage of the dominant position in the markets for operating systems (Windows) and office automation or productivity software (Microsoft Office) to force the use of its Azure cloud, but they also impose artificial barriers that limit the ability of startups to compete fairly and competitively. The group added that these practices include barriers to data portability or contractual conditions that restrict competition in software licenses. This would make it difficult or prevent the free choice of providers of these services, reducing the capacity for choice and flexibility that startups need to be able to be resilient, innovate and grow. The association urged the Spanish antitrust regulator, known as Comisión Nacional de los Mercados y la Competencia, or CNMC, to launch an investigation and to take urgent measures to ensure a competitive market. Last month, Microsoft said it would globally sell its chat and video app, Teams, separately from its Office product, months after the company had separated the two products in the EU as part of its efforts to avoid the region's antitrust rules.
More about Microsoft Corporation
Microsoft Corporation is an American multinational technology company that produces computer software, consumer electronics, personal computers, and related services. Its best-known software products include the Microsoft Windows line of operating systems, the Microsoft Office suite, and the Internet Explorer and Edge web browsers. Its flagship hardware products are the Xbox video game consoles and the Microsoft Surface lineup of touchscreen personal computers. Microsoft ranked No. 21 in the 2020 Fortune 500 rankings of the largest United States corporations by total revenue. It was the world's largest software maker by revenue as of 2016. It is considered one of the Big Five companies in the U.S. information technology industry, along with Google, Apple, Amazon, and Facebook.
Sector: Technology
Industry: Services - Prepackaged Software
Market Cap: 302.24 billion
Current Price: $35.21
Change: $2.93 ( 11.55%)
52-Week Range: $31.83 - $0.364
Volume: 236,583,993
Avg. Volume: 472.18
PE Ratio (TTM): 0.2
EPS (TTM): $0.17
Disclaimer: The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.