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.
Browsing: Alphabet
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.
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.
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.