On today's Biz Breakdown, Google gears up for it's big I/O developer conference, Ford sells off 8 million shares of Rivian, and Match Group levels a lawsuit over Google's in-app payment policy. 

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Biz Breakdown: Google's I/O Event, Ford Drops 8M Rivian Shares, Match Group Sues Alphabet

let's take a look at some of the other business headlines we're watching for you this morning. Google's annual developer extravaganza Google i. O kicking off on Wednesday. Now, while there's gonna be plenty of software centric discussions, many are expecting, Google will have a few consumer focus product announcements to come out of a two day conference here. Several reports and leaks are suggesting that the company will unveil more about android 13, the google pixel watch and even a budget friendly pixel six a smartphone as well. Meanwhile, shares of Rivian are down more than 15% premarket. That's following reports that Ford sold some of their stake in the electric vehicle maker. As an early investor in Rivian Ford held more than 11% of the company or about 102 million shares, but as of sunday that lockup period to sell Rivian shares after its november I P. O. Expired. And now, according to reports Ford sold eight million shares. On monday, the F 1 50 lightning maker announced that they would no longer partner to develop an electric vehicle with Rivian last year. Now focusing on expanding their own lineup of electric vehicles. Ford is now gradually reducing its stake. It would have become a rival in the electric truck market and match group. The company behind dating apps like Tinder match and hinge there now suing google over their restrictive billing policies on the play store match group filed the lawsuit against Google accusing the internet giant of forcing them to use the google Play stores billing system. Now, the lawsuit filed in federal court in California accuses google of violating federal and state antitrust laws. Match group said google assured app developers that they'd be able to choose alternative payment systems for their customers only to do an about face. And the dating giant says that their users prefer matches internal billing system over google system. Now, in reference to the lawsuit, a google spokesperson said that this is just a continuation of Match group's self interested campaign to avoid paying for the significant value that they received from the mobile platforms that they've built their businesses on. Match says that they've attempted to resolve Google's concerns, but was told that their apps would be removed from the Google play store by June one if they didn't comply.