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.
Alphabet’s directors were sued by shareholders for approving a $90-million exit payment to Andy Rubin, the creator of the Android mobile software, while helping cover up his alleged misconduct.
Is the rout ripping through technology stocks just another garden variety correction? In the long sweep of history, yes. But compared only to selloffs since the bull market began, it’s starting to get extreme.
Loon, spun out of the search giant’s X innovation lab in July, is teaming up with Telkom Kenya to build a network of high-flying balloons to connect people in the East African country