The Latest Breaking News from Alphabet Inc

Tech-dominated "growth" stocks are still not cheap despite sharp falls over the last six months, analysts at U.S. investment bank JPMorgan cautioned, Reuters reports. The so-called FAANGs have seen some of their COVID-era surges cut back this year.  Meta Platforms Inc (NASDAQ:FB) fell 38%, Apple Inc (NASDAQ:AAPL) was down 5.7%, Amazon.com Inc (NASDAQ: AMZN) down 8.5%, and was Netflix Inc (NASDAQ: NFLX)…

Huawei Technologies looks to spend CNY4 billion ($632.52 million) on building a new headquarters and R&D center for its digital power unit, Reuters reports. Huawei Digital Power inked an agreement on February 17 with the local government of the southern metropolis of Shenzhen, where its parent is headquartered, for the project.…

Alphabet Inc's (NASDAQ:GOOG) (NASDAQ:GOOGL) Wing unit promoted its longtime CTO to the CEO role.  Wing seeks to expand its drone delivery operations rapidly, including the Dallas suburbs. Adam Woodworth replaced James Ryan Burgess as the CEO, who stepped aside from most of his duties following a health issue. Burgess will remain an adviser…

BofA analyst Omar Dessouky reinstated coverage of Roblox Corp (NYSE:RBLX) with a Buy rating and $84 price target, calling the company the "category leader" in the emerging "Metaverse" media category. The price target implies an upside of 20.8%. Roblox has no "old media" businesses to cannibalize and invests 100% of its resources exclusively towards leadership…

India's Ministry of Electronics and Information Technology has banned 54 apps it says are of Chinese origin, including Sea Ltd (NYSE:SE) marquee game Free Fire, Bloomberg reports. The apps banned include those belonging to Tencent Holdings Ltd (OTC:TCEHY), Alibaba Group Holding Ltd (NYSE:BABA), and NetEase Inc (NASDAQ:NTES), and are re-branded versions of apps already banned by India in 2020.…

France's watchdog CNIL alleged Alphabet Inc's (NASDAQ: GOOG) (NASDAQ: GOOGL) Google Analytics of giving U.S. intelligence services access to French website users' data, Reuters reports. The regulator alleged the U.S. tech giant lacking sufficient measures to guarantee data privacy rights under European Union regulation when transferring data between Europe and the U.S. The French website…

Alphabet Inc's (NASDAQ:GOOG) (NASDAQ:GOOGL) YouTube looks to start creating metaverse experiences on its video platform, beginning with gaming, amid increasing competition with ByteDance Inc's TikTok and Meta Platforms Inc's (NASDAQ:FB) Instagram. YouTube elaborated on its blockchain and metaverse plans for 2022, saying it could harness emerging technologies to cut fraud in the fast-growing digital art market and…

Meta Platforms Inc (NASDAQ:FB) continued its slide on February 8 and has now dropped so much in the past week that the company is worth less than chipmaker NVIDIA Corp (NASDAQ:NVDA), CNBC reports. Meta shares dropped 2.1% to close at $220.18 on Tuesday.  The stock is down 35% this year and has reached its…

KeyBanc analyst Justin Patterson lowered the price target on Meta Platforms Inc (NASDAQ:FB) to $280 from $420 (16% upside) and kept an Overweight rating on the shares following quarterly results.  The analyst notes measurement headwinds are clearly more significant than envisioned, and estimates reset materially.  The positive is that Meta has historically managed these transitions before…