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The Latest Breaking News from Alphabet Inc

US Big Tech Continue To Raise Global Regulatory Concerns

The House Oversight Committee on Friday launched an investigation into Amazon.com Inc's (NASDAQ:AMZN) labor practices, CNBC reports. The House demanded information about a deadly warehouse collapse in Illinois in 2021 as a tornado hit the warehouse, killing six workers. The workers had alleged inadequate safety protocols for severe weather events. The Competition Commission…

Benzinga

Read About Apple's Latest Subscription Offering As It Looks To Reduce Dependence On Devices

Apple Inc (NASDAQ:AAPL) launched Apple Business Essentials, a new program for businesses to set up, manage and install software on workers' iPhones, iPads, and Macs. The product is aimed at smaller customers, primarily those without dedicated IT departments. It comes at a monthly price of $2.99 to $24.99 per worker. The product enables…

Benzinga

How Is The Market Feeling About Google - Class C Capital Stock?

Alphabet Inc - Class C Capital Stock's (NASDAQ:GOOG) short percent of float has risen 4.92% since its last report. The company recently reported that it has 1.77 million shares sold short, which is 0.64% of all regular shares that are available for trading.

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Disney Roped In Google Veteran As Streaming CTO

The Walt Disney Co (NYSE:DIS) roped in Alphabet Inc’s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google veteran Jeremy Doig as the new CTO of its streaming organization, Variety reports. Disney Streaming, a part of Disney Media & Entertainment Distribution, helps to monetize content from Disney’s studios and networks. From April, Doig would lead the global technology teams that…

Benzinga

Global Regulators Continue To Penalize Big Tech Over Antitrust Concerns

The Paris Commercial Court penalized Alphabet Inc’s (NASDAQ: GOOG) (NASDAQ: GOOGL) Google by €2 million ($2.2 million) over abusive practices toward its app store developers, Bloomberg reports. The Court ordered Google to change seven clauses from its contracts dating back to 2015 and 2016, including a 30% commission on developer revenue on the Google Play…

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Russians Plan to Launch Alternative to Google Play on Victory Day

Russian tech developers are building an alternative to Alphabet Inc's Google Play store and plan to launch it on May 9, a national holiday in Russia that celebrates victory in World War Two, the organization behind the initiative said on Tuesday. YouTube and Google Play this month suspended all payment-based…

Asharq Al-Awsat

Researchers Accuse Russia's Yandex Of Breach Of User Privacy

Researchers alleged that Russian internet company Yandex NV (NASDAQ:YNDX) had embedded code into apps found on mobile devices that help to transmit user information to Russian servers, the Financial Times reports. Yandex's software helped developers create apps for devices running Apple Inc's (NASDAQ:AAPL) iOS and Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google's Android, systems that ran the vast majority…

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Morgan Stanley Downgrades Pinterest Amid Challenges From Facebook, Google

Morgan Stanley analyst Brian Nowak downgraded Pinterest Inc (NYSE:PINS) to Equal Weight from Overweight with a price target of $30, down from $53. The price target implies an upside of 13.4%. Pinterest's user and time spent trends were challenging while it shifted existing time spent toward lower-monetizing creator videos. Nowak acknowledged the edge in larger…

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Morning Brief: Top Stories Dominating Financial Media on Tuesday, March 29

CNBC Domino’s Pizza China Operator Eyes Hong Kong Listing

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DOJ Supports Antitrust Bill Targeting Big Tech - Read Why: WSJ

The Justice Department supported American Innovation and Choice Online Act and similar legislation banning large digital platforms from favoring their products and services over competitors, the Wall Street Journal reports. The DOJ saw the rise of dominant platforms like Amazon.com Inc (NASDAQ:AMZN) and Alphabet Inc’s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google jeopardizing open markets and competition. Amazon, Google, Apple…

Benzinga

This AI Startup Roped In Big Tech Executives From Google, Meta As Founding Members

LinkedIn (NASDAQ:MSFT) founder Reid Hoffman and DeepMind co-founder Mustafa Suleyman poached artificial intelligence gurus from Alphabet Inc's (NASDAQ:GOOG) (NASDAQ:GOOGL) Google, and Meta Platforms Inc (NASDAQ:FB) for their AI startup, Inflection, CNBC reports. Inflection' looked to develop AI software products that enabled hassle-free communication between humans and computers. Heinrich Kuttler quit his research engineering manager role at…

Benzinga

Evercore Lists Amazon's USPs - Shipping Elasticity, Brand Advertising, Grocery Delivery, Cheap Valuation

Analysts led by Mark Mahaney at Evercore ISI reiterated their Outperform rating on Amazon.com Inc (NASDAQ:AMZN) with a target price on the stock of $4,300, implying more than 30% upside. Amazon remains the investment bank advisory group's top mega-cap long holding. Mahaney and his team highlight four underappreciated elements of the company. Firstly, Amazon's recent…

Benzinga

Alphabet's Drone Division Roped In New CFO: Bloomberg

Alphabet Inc's (NASDAQ:GOOG) (NASDAQ:GOOGL) Wing unit roped in Shannon Nash as CFO as it looked to expand its drone-delivery operations, Bloomberg reports. Nash previously served as the CFO of Reputation.com Inc. Wing recently promoted its CTO, Adam Woodworth, as the CEO. In the first two months of 2022, it completed over 30,000…

Benzinga

After US, Big Tech Sees More Trouble From EU: Reuters

Strict new rules targeting the U.S. tech giants will likely be effective in October, Reuters reports based on EU antitrust chief. In 2021, Margrethe Vestager proposed a list of dos and don'ts for Amazon.com Inc (NASDAQ:AMZN), Apple Inc (NASDAQ:AAPL), Meta Platforms Inc (NASDAQ:FB), Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) unit Google and Microsoft Corp (NASDAQ:MSFT) under the Digital Markets Act. Also Read: US Senate Votes…

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Google Tries Its Luck At Health Monitoring From Home Like Apple

Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google looked to test whether capturing heart sounds and eyeball images via smartphones could help people identify elevated risk issues at home. Google investigated whether the smartphone's built-in microphone could detect heartbeats and murmurs when placed over the chest to enable early detection of heart valve disorders, the company…

Benzinga

Google Fielded Pay-Related Questions At Recent Meet

Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google leaders faced a storm of criticism from employees on issues related to compensation, CNBC reports. Google defended the company's competitiveness at a recent all-hands meeting while conceding that the performance review process could change. Recently, Google's internal survey had reflected growing dissatisfaction with pay packages. Its peer Amazon.com Inc (NASDAQ:AMZN), looked…

Benzinga

Google Submits Fitbit's Passive Heart Rate Monitoring Feature For FDA Approval

Alphabet Inc (NASDAQ: GOOG) has submitted data to the FDA

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Read How Analysts Reacted To Google's Pact With Spotify

Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google decided to allow Spotify Technology SA (NYSE:SPOT) and other app developers to offer users an alternative third-party payment option alongside Google Play's option. KeyBanc analyst Justin Patterson saw the move as a win for digital content providers. He viewed alternative payment options as a happy compromise that calmed regulators and…

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Analyzing Google - Class A's Short Interest

Alphabet Inc - Class A's (NASDAQ:GOOGL) short percent of float has fallen 7.89% since its last report. The company recently reported that it has 2.09 million shares sold short, which is 0.7% of all regular shares that are available for trading.

Benzinga

Spotify And Google? Why SPOT Shares Are Rising After Hours

Spotify Technology SA (NYSE: SPOT) shares are trading higher in Wednesday's after-hours session after Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL

Benzinga

YouTube Takes On Streaming, TV With Expanded Selection Of Free Programming

Alphabet Inc.’s (NASDAQ: GOOGL) (NASDAQ: GOOG) YouTube online video platform is taking aim at streaming services and over-the-air television by making nearly 4,000 episodes of popular television series and s

Benzinga

Aspiring Quantum Computing Firm Sandbox AQ Spun Off From Alphabet

Quantum computing aspiring firm Sandbox AQ spun off from Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL), procured "nine figures" of funding, and signed several clients for its cybersecurity services, Reuters reports. Sandbox's investors include Schmidt, Breyer Capital, T. Rowe Price funds, and Salesforce.com Inc (NYSE:CRM) founder Marc Benioff's TIME Ventures. Sandbox would use cloud computing from Google Cloud and others.…

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Morning Brief: Top Stories Dominating Financial Media on Tuesday, March 22

CNBC

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Google Settles Year Long Lawsuit With Current, Former Employees

Alphabet Inc's (NASDAQ:GOOG) (NASDAQ:GOOGL) Google settled with six current and former employees in a 2021 case represented by the U.S. National Labor Relations Board, Reuters reports. The terms of the settlement remained undisclosed. The case concerned Google's actions against workers who were among a larger group protesting its cloud technology relationship with…

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US DOJ Accuses Google Of Misusing Legal Privilege To Hide Sensitive Emails: WSJ

The U.S. Justice Department alleged Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google improperly invoked the legal privilege to shield sensitive internal communications for years, the Wall Street Journal reports from U.S. district court filing. The DOJ wanted Google to turn over internal emails that it had withheld or censored in the antitrust case filed against it by state…

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