Google’s parent company reported a healthy rise in revenue as the technology giant published its latest financial results.
When Naspers lists in Amsterdam, it will bring with it a dual shareholding structure to match or even exceed the worst practices of tech behemoths such as Facebook or Google parent Alphabet.
The looming US antitrust investigation of Google is galvanising as many as a dozen companies to gather their longstanding complaints about the Alphabet unit and consider bringing them to the justice department.
With $2-trillion added since Christmas, the Nasdaq 100 has a shot at beating the market for the 10th time in 11 years. But it may be taking on dot-com-era trappings.
Google investors may have had a flashback on Monday to the company’s bad old days of 2015. Back then, Google’s growth looked as if it hit a wall, and investors didn’t trust the company to spend its money wisely.
Google parent Alphabet reported thinner profit margins as the Internet giant spent heavily to expand its cloud and YouTube businesses. The company’s shares slipped in late trading.
It wasn’t all that long ago that Microsoft was the European Commission’s nemesis. Facebook should take some lessons for the software giant to overcome its regulatory challenges.