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The Latest Breaking News from Alphabet

After this year’s rally in technology stocks pushed the valuations of most megacap stocks to excessive levels, shares of Alphabet (GOOGL ) are an exception. Alphabet is the only one of the five biggest technology companies by market cap priced at a discount to the Nasdaq 100 Stock Index ($IUXX...

Barchart

Over 150,000 people have been let go so far this year. Are layoffs a confession of bad management?

If 2023 is “the year of efficiency,” what were the CEOs of Meta, Amazon, and others doing in all those previous years?

Fortune

Alphabet Short Strangle Could Net $130 In 3 Weeks

Alphabet is currently showing high volatility with an IV Percentile of 73% and an IV Rank of 56%. A short strangle aims to profit from a drop in implied volatility, with the stock staying within an expected range.

Barchart

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3 Companies Leading the Charge to the Driverless Car Future

In 1962, the Jetsons gave the world the idea that we would all have flying cars very soon. 61 years later, flying cars are still not a reality. However, a fully driverless vehicle IS a reality and may be the norm for everyone in just a few years. Here are…

Barchart

Disney Dumps Metaverse Aspirations. That Was an Easy Decision

The first of Disney’s 7,000 job cuts have begun to happen. One of the decisions was to eliminate approximately 50 jobs from its metaverse-driven next-generation storytelling unit. The move makes abundant sense. Here’s why.

Barchart

Alphabet Seeks Dismissal of US Antitrust Lawsuit over Google's Online Ads

Google parent Alphabet asked a US federal judge on Monday to dismiss a Justice Department lawsuit alleging that the search giant illegally abused its dominance of online advertising. The government, which filed the ad tech lawsuit in January along with eight states, had argued that Google should be forced to…

Asharq Al-Awsat

Shorting Google Puts is Popular as the Stock Remains Cheap

Alphabet stock is up 18% since Feb. 28 as investors worried about AI chatbot competitors. Shorting puts to lower buy-in costs and create income has done well and could help going forward.

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Failing banks and mass layoffs: Is the 15-year tech boom finally over? What went wrong?

The 15-year tech boom has ended with rounds of mass layoffs and a recent series of high-profile bank collapses. So what went wrong and will Silicon Valley ever be the same?

ABC News

ChatGPT privacy flaw exposes users’ chatbot interactions

OpenAI has revealed a privacy flaw in its popular chatbot ChatGPT temporarily allowed users to see the conversation titles of other users in their chat history. Users on Reddit and Twitter started reporting the bug on 20 March and shared screenshots indicating that their ChatGPT web history contained titles they…

IT Pro

PayPal mafia veteran Keith Rabois thinks Google hired engineers to do 'fake work'

The PayPal Mafia veteran claimed new hires were given "fake work", adding that mass layoffs seen in the sector are overdue.

Fortune

Google middle managers hoping for a big promotion better think again

CEO Sundar Pichai is cutting back on large pay rises, as investors demand management take more forceful action to reduce its bloated cost base.

Fortune

Google boss Sundar Pichai says staff are bemoaning office ghost towns—‘not a nice experience’

The search engine giant is facing what is likely its greatest competitive threat since it was founded in 1998, forcing Pichai to make tough choices on costs.

Fortune

Big Tech companies aren't afraid of antitrust regulators, but they sure do dance for activist hedge funds

To judge by recent multibillion dollar deals, antitrust worries are not causing companies like Amazon or Microsoft to back off big acquisitions. But pressure from activist investors is a different story.

Fortune

A Q&A with Laela Sturdy, the brand new head of CapitalG

CapitalG’s Laela Sturdy has led some of the fund's most prominent investments including Stripe, Duolingo, and UiPath.

Fortune

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Fortune

YouTube's unusual 'wartime' CEO

Mohan may not have the fiery demeanor of some of his fellow internet platform CEOs, but insiders warn that it's a mistake to underestimate him.

Fortune

Layoffs at Google parent company include robots that cleaned its cafeteria

No one, human or otherwise, is safe from cost-cutting.

The Texas Tribune

Google contractors on strike in Austin hope to rally support among tech workers

The several dozen contractors for YouTube Music are fighting a push to return to in-person work. Their strike has gained the support of U.S. Sen. Bernie Sanders, I-Vermont, and U.S. Rep. Greg Casar, D-Austin.

Tribune News Service

Google excludes thousands of workers from benefits, report says

Google’s minimum wage and benefits for contractors are withheld from thousands of its U.S. contract workers, a new report from a union alleges.

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Irish Mirror

Google set to cut 240 jobs in Ireland in another blow for tech sector

Alphabet, Google's parent company, is cutting 12,000 jobs globally - with around 240 expected at Google's HQ in Dublin

Dublin Live

Google to lay off 240 Irish staff as part of global job cuts

The announcement comes amid uncertainty in the tech industry with many firms announcing job cuts in recent months

Fortune

YouTube CEO Susan Wojcicki's exit costs Silicon Valley one of its most influential female executives

She famously rented her garage to Google cofounders Larry Page and Sergey Brin in 1998.

Inverse

ChatGPT Could Make Tech Feel More Human — But Don’t Treat It Like One, AI Experts Say

Chatbots could make tech more convenient, but they could also pose new risks.

Asharq Al-Awsat

Google, Twitter, Meta, Apple Face Tougher EU Online Content Rules

Alphabet Inc's Google, Facebook parent Meta Platforms Inc, Twitter and Apple face stricter EU online content rules, based on monthly user numbers published by the companies, which exceeded an EU threshold for big online platforms. The new rules known as the Digital Services Act (DSA) label companies with more than…

The Independent UK

YouTube CEO steps down, severing longtime ties to Google

Susan Wojcicki, a longtime Google executive who played a key role in the company’s creation, is stepped down as YouTube’s CEO after spending the past nine years running the video site that has reshaped entertainment, culture and politics

Fortune

Can you make money following activist investors into a stock? It depends

Following an activist investor into a stock might not offer as big a financial win as expected. Here’s what to consider.

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