Alphabet’s first-quarter revenue missed analysts’ estimates, sparking concern that advertisers are shifting some spending to digital rivals. Shares of Google’s parent company fell more than 7% following the results.
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Google has its fingers in every conceivable corner of industry, and then some. But investors can look past the mysteries and the spending splurges as long as the ad business keeps running.
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.
Flying cars! So futuristic! A world in which they’re buzzing around the skies must be dazzling — like a Popular Mechanics feature come to life! Well, yeah. About that.
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.
The Nasdaq Composite Index tumbled 3% on Friday, capping its worst week since the financial crisis. It’s now fallen 22% since its August record.
Spiralling losses in technology shares have pushed the Nasdaq Composite Index to the precipice of becoming the first major US stock gauge to enter a bear market since 2009.
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