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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Alphabet Inc.    GOOGL

ALPHABET INC.

(GOOGL)
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Google removes Paytm mobile app from store over policy violations

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09/18/2020 | 07:27am EDT

NEW DELHI, Sept 18 (Reuters) - Alphabet Inc's Google on Friday removed the mobile app of SoftBank and Alibaba-backed Indian fintech firm Paytm from its Android store over violations of its gambling policy.

"We don't allow online casinos or support any unregulated gambling apps that facilitate sports betting," the U.S. tech company said in a blog post.

"This includes if an app leads consumers to an external website that allows them to participate in paid tournaments to win real money or cash prizes, it is a violation of our policies."

The blog post did not name Paytm, but Google separately confirmed the removal for policy violations.

Paytm said on Twitter that its Android app was temporarily unavailable on the Google store for downloads or updates.

"It will be back very soon," the company said, assuring users that their money was safe.

Paytm, a pioneer in India's digital payments market, sells everything from digital gold to insurance and also allows for money transfers on a state-backed payments network. (Reporting by Sankalp Phartiyal; Editing by Christian Schmollinger)


Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. 1.64% 1632.98 Delayed Quote.21.92%
SOFTBANK CORP. -0.83% 1200 End-of-day quote.-17.78%
SOFTBANK GROUP CORP. -0.08% 7082 End-of-day quote.48.91%
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Financials (USD)
Sales 2020 173 B - -
Net income 2020 30 913 M - -
Net cash 2020 120 B - -
P/E ratio 2020 36,2x
Yield 2020 -
Capitalization 1 113 B 1 113 B -
EV / Sales 2020 5,73x
EV / Sales 2021 4,68x
Nbr of Employees 127 498
Free-Float 90,2%
Chart ALPHABET INC.
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Alphabet Inc. Technical Analysis Chart | GOOGL | US02079K3059 | MarketScreener
Technical analysis trends ALPHABET INC.
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 45
Average target price 1 750,82 $
Last Close Price 1 632,98 $
Spread / Highest target 23,7%
Spread / Average Target 7,22%
Spread / Lowest Target -24,2%
EPS Revisions
Managers
NameTitle
Sundar Pichai Chief Executive Officer & Director
John LeRoy Hennessy Chairman
Ruth M. Porat Chief Financial Officer & Senior Vice President
Lawrence E. Page Director
Sergey Mikhaylovich Brin Director
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