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The Latest Breaking News from Alphabet Inc

Twitter Refuses To Let Go Board Member Egon Durban - Read Why

Twitter, Inc (NYSE:TWTR) refused to remove Silver Lake co-CEO Egon Durban from its board after failing to win the support of the necessary majority of Twitter investors. The board considered Durban a highly influential member bringing an unparalleled operational knowledge of the industry, a unique perspective, and an invaluable skill set and experience…

Benzinga

Here's Why This Analyst Slashed 2025 Revenue Estimates For Alphabet, Meta, Snap, Twitter

Research firm MoffettNathanson slashed its 2025 revenue estimates for each Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL), Meta Platforms Inc (NASDAQ:FB), Snap Inc (NYSE:SNAP), and Twitter Inc (NYSE:TWTR) by double-digit percentages, Reuters reported. MoffettNathanson expects online advertising in the U.S. to grow by 12.5% annually through 2025, down from the previous estimate of 18.5% annual growth. "After years of uber-bullishness, we are truly concerned…

Benzinga

Google Cloud Chief Clarifies Aramco Deal Is Not For Oil Production

Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google Cloud head Thomas Kurien clarified that its deal with oil giant Saudi Aramco did not include oil production, Bloomberg reports. “We work with Aramco system integration division, not with the oil-and-gas division,” Kurian said. Google’s critics, including its employees, have claimed that providing cloud tools to oil-and-gas…

Benzinga

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Morning Brief: Top Financial Stories Dominating on Friday, May 27

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Google, India Discuss Collaborating Over Open E-Commerce Network

Alphabet Inc's (NASDAQ:GOOG) (NASDAQ:GOOGL) Google and the Indian government have discussed integrating its shopping services with India's open e-commerce network ONDC, Reuters reports. Google's talks follow the success of its payments business due to the government's initiative for financial transactions, the Unified Payments Interface (UPI). An expert emphasized ONDC's need for a…

Benzinga

Google Maps Contract Workers Lock Horns With Management Over Returning To Office Policy

Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google Maps contract workers are amid a standoff with their vendor Cognizant Technology Solutions Corp (NASDAQ:CTSH) on resuming back office, Bloomberg reports. The workers who are paid an hourly rate of $16 - $28 and do not enjoy the same perks as direct employees are also subject to the company's…

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Britain Competition Watchdog Launches Second Probe On Google

Britain's competition regulator launched its second probe into the advertising practices of Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google for allegedly distorting competition and illegally favoring its services, Reuters reports. The Competition and Markets Authority examined three critical parts of the ad tech stack chain, services that mediate ad tech since Google owned the largest…

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Google Docs Formatting Just Got A Whole Lot Quicker

Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG) subsidiary Google said on Wednesday that its Google Docs application will now allow users to make multiple text selectio

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Why Luminar Shares Are Rising Today and What's Its Connection To Apple Car?

Luminar Technologies, Inc (NASDAQ:LAZR) roped in Christopher “CJ” Moore, a manager on Apple Inc’s (NASDAQ:AAPL) car project and a former director of Autopilot at Tesla Inc (NASDAQ:TSLA), to lead global software development, Bloomberg reports. Moore, who had joined Apple in August, will lead Luminar’s software team to develop autonomous safety features integrated with its lidar or…

Benzinga

Here's How Apple Defended Its App Store Policies

Apple Inc (NASDAQ:AAPL), facing mounting criticism of its App Store policies, has defended the platform citing the small-business jobs and revenue it generates, Bloomberg reports. The App Store is under intense scrutiny from government officials in the U.S. and Europe, which also have been after Meta Platforms Inc (NASDAQ:FB) and Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL). Also Read: BofA Lists Reasons…

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YouTube Chief Talks About Handling Misinformation

Alphabet Inc’s (NASDAQ:GOOG) (NASDAQ:GOOGL) YouTube can continuously improve its work to combat misinformation, CEO Susan Wojcicki said, Bloomberg reports. “Running a company that has that really focused on free speech, we want to make sure that we’re enabling a broad set of opinions that everyone has a right to express their point…

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Why Alphabet Stock Is Sliding Today

Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) shares are trading lower Tuesday after Snap Inc (NYSE: SNAP) said it expects to miss its previ

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Why Alphabet Shares Are Diving Today

Alphabet Inc Class A (NASDAQ: GOOGL) (NASDAQ: GOOG) shares are trading lower by 3.81% at $2,123.64.

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Match Settles Antitrust Scores Against Google

Match Group, Inc (NASDAQ:MTCH) settled its battle with Alphabet Inc's (NASDAQ:GOOG) (NASDAQ:GOOGL) Google allowing the dating apps maker to offer users a choice in payment systems, eliminating Google's control over user data. Match withdrew its temporary restraining order request against Google following concessions, preventing Match's apps from being removed from the Play store for offering…

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This US Ruling Could Force Google To Break Up Its Ad Business

A bipartisan group of senators led by Utah Republican Mike Lee introduced legislation targeting conflicts of interest in the advertising technology industry, the Wall Street Journal reports. The legislation could force Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google to break up its dominant online-ad business. The Competition and Transparency in Digital Advertising Act would prohibit…

Benzinga

Here's How Microsoft Addressed Complaints From Smaller European Cloud Companies

Microsoft Corp's (NASDAQ:MSFT) pitch to Brussels directly addressed competition worries with a clear geopolitical purpose prompted by recent complaints from smaller European cloud companies, the Financial Times reports. Microsoft laid out a series of "principles" that it would follow out of respect for Europe's concerns. Any customer who has paid to license…

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Is Chrome's 'Incognito' Mode Really Private? Question Now Before Texas Court

Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG) subsidiary Google was sued in Texas by Attorney General Ken Paxton over its private web browsing feature on Thursday.

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How Are The FAANG Stocks Doing? Checking In

One of the major indices, the S&P 500, is down more than 2% for the week.

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Facebook Archrival Marks Gaming Push With Latest Move

ByteDance Ltd owned TikTok conducted tests for users to play games on its video-sharing app in Vietnam, marking its major push into gaming, Reuters reports. Featuring games on its platform would boost advertising revenue and user time on the app. The Meta Platforms Inc's (NASDAQ:FB) Facebook rival looks to roll out gaming more widely in Southeast…

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YouTube Forays Live Stream Shopping, Intensifies Rivalry With Instagram

Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) YouTube pitched itself to advertisers at the YouTube Brandcast event as a better place for their TV ad dollars, TechCrunch reports. YouTube teased upcoming features that it claimed would make it easier for viewers to discover and buy from brands. YouTube touted its forthcoming tools to offer advertisers…

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'Urgent Need' To Regulate Apple, Google's App Store Practices, Says Indian Trade Body

Indian industry body Alliance of Digital India Foundation has called for an "urgent need" to bring regulations for Apple Inc's (NASDAQ: AAPL) App Store and Alphabet Inc's (NASDAQ: GO

Benzinga

Why Alphabet Shares Are Diving Today

Shares of several companies in the broader tech sector, including Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG), are trading lower amid overall market weakness as stocks fall following weak retail earnings this week.

Benzinga

Walmart Intensifies Rivalry With Google, Amazon By Targeting India's Budding Payments Market

Walmart Inc's (NYSE:WMT) Indian payments unit PhonePe will acquire two wealth management firms for a total enterprise value of $75 million, Bloomberg reports. PhonePe will buy WealthDesk for about $50 million and OpenQ for nearly $25 million. The acquisitions will help broaden PhonePe's offerings in India's budding payments market, where Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL)…

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Google's Russia Subsidiary To File For Bankruptcy

Alphabet Inc's (NASDAQ:GOOG) (NASDAQ:GOOGL) Google's Russian subsidiary looks to file for bankruptcy, unable to pay employees and suppliers, the Wall Street Journal reports. An earlier move by authorities to seize its bank account made it difficult to continue operations in the country. Google had already paused most of its commercial operations in Russia, including…

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Apple Exec Who Quit Over Return-To-Work Policy Jumps Ship To Google

An Apple Inc (NASDAQ: AAPL) executive who put in his resignation over the tech giant’s return-to-work policy last week has already found his next opportunity at rival Alphabet Inc (NASDAQ: GOOGL) (NASDA

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