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Google Cleared In Lawsuit Alleging Profit From 'Gift Card Scams'
A federal judge dismissed a proposed class action lawsuit accusing Google of illegally profiting from Google Play gift card scams by refusing to refund millions of dollars stolen from victims.
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Google Antitrust Ruling Could Put $20 Billion at Risk for Apple: Report
A US judge has recently ruled that Alphabet-owned Google was operating an illegal monopoly in the web search sector. Google pays Apple $20 billion (roughly Rs. 1,67,890 crore) annually, or about 36 percent of what it earns from search advertising made through the Safari browser. If the deal is undone, Apple could take a 4-6 percent hit to its prof...
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Alphabet And Microsoft See Earnings Rise On AI-Infused Cloud
Google parent Alphabet and computing colossus Microsoft Tuesday reported that quarterly profits climbed on demand for cloud computing enhanced with artificial intelligence.
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Google Denies $10 Billion Unlawful Payment Claim, Says Quality Kept Search on Top
Google argued on Tuesday the US was wrong to say the search and advertising giant broke the law to hold onto its massive market share, noting its search engine was wildly popular because of its quality and that dissatisfied users could switch with "a few easy clicks."
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Google Parent Alphabet Slashes Nearly 90 Percent Stake in Robinhood Markets
Google-parent Alphabet said on Friday it had slashed its stake in Robinhood Markets by nearly 90 percent, days after the trading app said it had turned a profit for the first time as a public company. Robinhood has been struggling to regain its footing after emerging as the breakout financial technology app during the pandemic.
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AI to Pay Off Big for Google and Microsoft, but Requires Deep Investment Before Profits Show
Artificial intelligence is expected to pay off big for tech giants including Microsoft and Alphabet someday. But expect deeper investments before gains trickle to the bottom line, the companies said on Tuesday.
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Alphabet Rides Cloud Demand, Ad Sales to Record $74.6 Billion Quarterly Revenue, CFO to Take New Role
Alphabet's second-quarter profit exceeded Wall Street expectations on Tuesday and the Google parent announced that its long-time CFO, Ruth Porat, would assume a new role while the company sought a new finance chief.
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Google Agrees to Pay $39.9 Million Over Lawsuit for Misleading Location Tracking Practices
Google will pay Washington state $39.9 million (nearly Rs. 330 crore) to resolve a lawsuit accusing the Alphabet unit of misleading consumers about its location tracking practices, state Attorney General Bob Ferguson said on Thursday. The settlement resolves claims that Google deceived people into believing they controlled how the search and advert...
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After Jump In Earnings, Google, Microsoft Ready Themselves For AI War
Google parent company Alphabet beat market expectations in the first quarter of 2023 with a net profit of $15 billion, the company said on Tuesday, in a sign that the search engine behemoth is regaining its footing.
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Big Tech Investors to Scrutinise Profits After Industry-Wide Layoffs, Firms to Highlight AI as Growth Driver
Big Tech investors are set to scrutinise how much impact cost cutting, including layoffs, have had on technology giants like Microsoft, Google parent Alphabet, Instagram owner Meta and Amazon. Meanwhile, companies are expected to focus on pitching artificial intelligence (AI) as the next growth driver for the industry.
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Dunzo Secures $75 Million in Funding, Lays Off 30 Percent of Its Staff as Part of Business Revamp: Report
Indian online delivery platform Dunzo has secured funding of $75 million (roughly Rs. 614 crore) through convertible notes and is laying off about 30 percent of its staff as it plans a revamp of its business model, the Economic Times reported on Thursday.
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US President Joe Biden Says Social Media Firms Exploiting Children, Asks Lawmakers to Restrict Use of Data
US President Joe Biden on Tuesday accused Big Tech firms of conducting a "for profit" experiment on the country's youth and urged US lawmakers to rein in social media firms' abilities to collect the data of children and teenagers online. The US has trailed other countries in creating modern rules to curb the power of the biggest tech firms.
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Layoffs Alone Won’t Solve Tech’s Problems: Parmy Olson
The tech sector has had a tough time recently with the prevailing economic downturn hitting all the big companies. Amazon, Microsoft, Meta, and Alphabet have all announced layoffs in the thousands to cut their losses. While these tech giants are tightening up on fringe benefits and showing their talent the door, there is still more to do.
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Google Parent Alphabet Posts Lower Q4 Profit Amid Increased Competition, Decline in Ad Spending
Alphabet on Thursday posted disappointing fourth-quarter profit and sales, short of estimates by Wall Street. The Google parent firm has seen advertising clients hold back on spending amid a slowing economy and concerns over consumer spending, while competition from rivals has seen an increase.
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Google Sued by US Justice Department Over Dominance in Digital Advertising
Google has been sued by the US Justice Department along with eight states, as prosecutors take aim at Google's extremely profitable advertising business, asking that it be broken up to level the playing field for other companies. The company's ad dealings generated more than $200 billion (roughly Rs. 16,32,830 crore) in sales in 2021 and is parent ...
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Google Cleared In Lawsuit Alleging Profit From 'Gift Card Scams'
A federal judge dismissed a proposed class action lawsuit accusing Google of illegally profiting from Google Play gift card scams by refusing to refund millions of dollars stolen from victims.
-
Google Antitrust Ruling Could Put $20 Billion at Risk for Apple: Report
A US judge has recently ruled that Alphabet-owned Google was operating an illegal monopoly in the web search sector. Google pays Apple $20 billion (roughly Rs. 1,67,890 crore) annually, or about 36 percent of what it earns from search advertising made through the Safari browser. If the deal is undone, Apple could take a 4-6 percent hit to its prof...
-
Alphabet And Microsoft See Earnings Rise On AI-Infused Cloud
Google parent Alphabet and computing colossus Microsoft Tuesday reported that quarterly profits climbed on demand for cloud computing enhanced with artificial intelligence.
-
Google Denies $10 Billion Unlawful Payment Claim, Says Quality Kept Search on Top
Google argued on Tuesday the US was wrong to say the search and advertising giant broke the law to hold onto its massive market share, noting its search engine was wildly popular because of its quality and that dissatisfied users could switch with "a few easy clicks."
-
Google Parent Alphabet Slashes Nearly 90 Percent Stake in Robinhood Markets
Google-parent Alphabet said on Friday it had slashed its stake in Robinhood Markets by nearly 90 percent, days after the trading app said it had turned a profit for the first time as a public company. Robinhood has been struggling to regain its footing after emerging as the breakout financial technology app during the pandemic.
-
AI to Pay Off Big for Google and Microsoft, but Requires Deep Investment Before Profits Show
Artificial intelligence is expected to pay off big for tech giants including Microsoft and Alphabet someday. But expect deeper investments before gains trickle to the bottom line, the companies said on Tuesday.
-
Alphabet Rides Cloud Demand, Ad Sales to Record $74.6 Billion Quarterly Revenue, CFO to Take New Role
Alphabet's second-quarter profit exceeded Wall Street expectations on Tuesday and the Google parent announced that its long-time CFO, Ruth Porat, would assume a new role while the company sought a new finance chief.
-
Google Agrees to Pay $39.9 Million Over Lawsuit for Misleading Location Tracking Practices
Google will pay Washington state $39.9 million (nearly Rs. 330 crore) to resolve a lawsuit accusing the Alphabet unit of misleading consumers about its location tracking practices, state Attorney General Bob Ferguson said on Thursday. The settlement resolves claims that Google deceived people into believing they controlled how the search and advert...
-
After Jump In Earnings, Google, Microsoft Ready Themselves For AI War
Google parent company Alphabet beat market expectations in the first quarter of 2023 with a net profit of $15 billion, the company said on Tuesday, in a sign that the search engine behemoth is regaining its footing.
-
Big Tech Investors to Scrutinise Profits After Industry-Wide Layoffs, Firms to Highlight AI as Growth Driver
Big Tech investors are set to scrutinise how much impact cost cutting, including layoffs, have had on technology giants like Microsoft, Google parent Alphabet, Instagram owner Meta and Amazon. Meanwhile, companies are expected to focus on pitching artificial intelligence (AI) as the next growth driver for the industry.
-
Dunzo Secures $75 Million in Funding, Lays Off 30 Percent of Its Staff as Part of Business Revamp: Report
Indian online delivery platform Dunzo has secured funding of $75 million (roughly Rs. 614 crore) through convertible notes and is laying off about 30 percent of its staff as it plans a revamp of its business model, the Economic Times reported on Thursday.
-
US President Joe Biden Says Social Media Firms Exploiting Children, Asks Lawmakers to Restrict Use of Data
US President Joe Biden on Tuesday accused Big Tech firms of conducting a "for profit" experiment on the country's youth and urged US lawmakers to rein in social media firms' abilities to collect the data of children and teenagers online. The US has trailed other countries in creating modern rules to curb the power of the biggest tech firms.
-
Layoffs Alone Won’t Solve Tech’s Problems: Parmy Olson
The tech sector has had a tough time recently with the prevailing economic downturn hitting all the big companies. Amazon, Microsoft, Meta, and Alphabet have all announced layoffs in the thousands to cut their losses. While these tech giants are tightening up on fringe benefits and showing their talent the door, there is still more to do.
-
Google Parent Alphabet Posts Lower Q4 Profit Amid Increased Competition, Decline in Ad Spending
Alphabet on Thursday posted disappointing fourth-quarter profit and sales, short of estimates by Wall Street. The Google parent firm has seen advertising clients hold back on spending amid a slowing economy and concerns over consumer spending, while competition from rivals has seen an increase.
-
Google Sued by US Justice Department Over Dominance in Digital Advertising
Google has been sued by the US Justice Department along with eight states, as prosecutors take aim at Google's extremely profitable advertising business, asking that it be broken up to level the playing field for other companies. The company's ad dealings generated more than $200 billion (roughly Rs. 16,32,830 crore) in sales in 2021 and is parent ...
