Considering all that is going on with Facebook (NASDAQ:FB) right now, I wouldn’t be surprised if more and more people were going to start paying closer attention to what is happening on the inside of some of their favorite online media companies.
Facebook is still in the back of everyone’s minds this week, which is completely justifiable. However, today, our attention has also been directed towards Google (NASDAQ:GOOGL). Specifically, the ongoing tension between Google and Oracle.
What’s the Latest with Google and Oracle?
Google is going back to trial. On Tuesday, a U.S. appeals court revived Oracle Corp’s (NYSE:ORCL) multi-billion dollar copyright case against Google, whose parent company is Alphabet, Inc. Many have been watching Google and Oracle since 2010 to see how this ordeal will end, which makes today’s decision by the U.S. appeals court all the more significant.
For those who don’t know, Google used Oracle Corp’s Java development platform to create its Android operating system. However, according to the U.S. Court of Appeals for the Federal Circuit, the Mountain View, California-based company’s use of the development platform was not protected under the fair-use provision of copyright law. Yet another reason this announcement is so significant is that this reverses a jury verdict from 2016.
The U.S. Court of Appeals stated that it has sent the case back to a U.S. judge, who resides in San Francisco, for a trial. This trial will try to determine the exact amount of compensation Google owes Oracle Corp. If you don’t know, this is a California-based computer software company.
On the news, Google’s stock moved into red territory, currently trading down 1.20% on the Nasdaq Exchange. Surprisingly, Oracle is also seeing red on the market today, however, not by a lot. The company is down 0.02% on the New York Stock Exchange.
The Takeaway
The feud between Google and Oracle is not new. It has been eight years in the running, but now, it might finally be coming to an end. This, of course, depends on what the San Francisco judge deems to be fit, in terms of how much Google should pay Oracle.
If you’re interested in online media, I highly recommend following along with this case. If you have an opinion on the ongoing legal action between Google and Oracle, voice it below!
Featured Image: twitter