Google founders Larry Page and Sergey Brin are stepping down as leaders of parent company Alphabet, ending day-to-day involvement as regulators intensify scrutiny of an Internet industry the two men helped create.
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After a year of tough headlines, the world’s biggest technology companies showed last week that they’re powering through, continuing to rake in cash and invest in future growth.
Google parent Alphabet is in talks for a potential acquisition of smartwatch maker Fitbit, a move that could bolster its hardware business while also increasing antitrust scrutiny.
Apple fights the world’s biggest tax case in a quiet courtroom this week, trying to rein in the European Union’s powerful antitrust chief ahead of a potential new crackdown on Internet giants.
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.
This is the moment the US technology superpowers surely knew was coming: the US government is preparing to crawl all over Google to figure out whether it is an abusive monopolist. It and other tech giants should be quaking in their fleece vests.
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.