Google parent Alphabet stock tumbled in early Wednesday trading after earnings from the owner of Google beat Wall Street expectations but fell short on revenue. The tech-heavy Nasdaq index dipped 0.7% shortly after market open. Leading the losses was an 8% drop for Google parent Alphabet, a slide which erased as much as $211 billion…
The Competition Commission of India (CCI) has granted approval to Google parent Alphabet’s arm Shoreline International Holdings LLC to acquire a stake in Walmart group firm Flipkart. The proposed transaction comprises investment through subscription of shares of Flipkart Private Limited by Shoreline International Holdings LLC; and an arrangement between an affiliate of Alphabet and Flipkart’s…
Google CEO Sundar Pichai has confirmed that the company is working on the third generation of the Gemini AI model, having already released multiple versions of Gemini and Gemini 1.5. While talking about these AI models at the earnings call post Q3 2024 results announcement, Pichai also said that the company has “aggressive” plans next…
The US on Tuesday announced that it may request a judge to direct Google to divest some components of its business, such as the Chrome browser and Android operating system in response to unlawful monopoly in the online search market.A judge, in a significant ruling in August, said that the Alphabet‘s subsidiary had established an…
Google and Apple have recently faced major legal defeats in the European Union (EU), highlighting the growing scrutiny of their business practices globally. Both tech giants lost separate court fights in the EU, resulting in billions of euros in fines and potential ramifications for their operations in the region. The setbacks follow a string of…
The US is set to launch a second antitrust case against Alphabet-owned Google next week. The trial, led by the US Department of Justice (DoJ), will scrutinise the advertising system that Google uses to generate revenue, which prosecutors claim negatively impacts news publishers. Scheduled to take place in Alexandria, Virginia, the trial will examine Google’s…
Apple has set another record in brand value, becoming the world’s first brand to cross $1 trillion in brand value, a report has said, adding that the iPhone-maker retained the top spot in the list of the world’s most valuable brands of 2024 for the third consecutive year.According to the Kantar BrandZ Most Valuable Global…
