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Race is on for second place after Apple's $1trillion valuation
Sat, Aug 04, 2018
Amazon , Microsoft and Alphabet are locked in a tight race to become the second publicly-listed U.S. company to reach a $1 trillion stock market value after Apple became the first to touch the 13-digit milestone
Google parent Alphabet beats profit estimates on ad sales surge
Tue, Jul 24, 2018
The company posted adjusted earnings of $10.58 per share, excluding the impact of equity investments and European antitrust regulators` record $5 billion fine for abusing its dominance in mobile software. Google is appealing the ruling.
Google says India anti-trust ruling could cause "irreparable" harm: document
Thu, May 17, 2018
Google last month obtained a partial stay on the ruling from India`s company law tribunal, which allowed it to deposit only a small part of the imposed penalty. The Indian antitrust tussle is the latest regulatory setback for Google. Last year, the European Commission slapped a record $2.8 billion fine on the company for demoting rival offerings. Google has appealed against the order.
Google parent Alphabet profit leaps on ad growth
Tue, Apr 24, 2018
Google parent Alphabet reported a surge in quarterly profits, lifted by strong growth in the digital advertising segment it dominates along with Facebook. Profit in the first three months of 2018 soared more than 70 percent from a year ago to $9.4 billion, Alphabet said in an earnings report that was well above forecasts.
Alphabet's Waymo: Won't harvest data from driverless cars
Mon, Apr 02, 2018
According to John Krafcik, CEO of Waymo which is the driverless car division of Alphabet, the company will not harvest data from its fleet of autonomous vehicles, The Telegraph reported on Monday. "Our aim is moving people around the world and that is very hard. To the core of my body, I swear on my father`s grave, it`s (harvesting data) not a priority. I`m not saying it won`t be a workstream in the future but at the moment it is not in our workspace," Krafcik said during the New York Auto Show.
Microsoft tops Thomson Reuters top 100 global tech leaders list
Wed, Jan 17, 2018
Thomson Reuters Corp on Wednesday published its debut "Top 100 Global Technology Leaders" list with Microsoft Corp in the no. 1 spot, followed by chipmaker Intel Corp and network gear maker Cisco Systems Inc .
Amazon, Google cut speaker prices in market share contest: Analysts
Wed, Jan 03, 2018
Amazon.com Inc and Alphabet Inc`s Google both discounted their virtual assistant speakers so deeply over the holiday shopping season that they likely lost a few dollars per unit, highlighting a sharply different strategy from Apple Inc as it prepares its HomePod speaker, analysts said.
Global Markets: Tech tremors spread to financials to spoil global rally
Wed, Dec 06, 2017
Investors concerned about high valuations took the top off the tech sector, where stocks such as Facebook, Alphabet, Tencent and Alibaba have reached prices some describe as "eye-watering".
Google launches app for mobile phone users in emerging markets
Thu, Nov 30, 2017
The offering is the latest from Google`s Next Billion Users division, an internal effort to make internet services more accessible to people in countries where technology infrastructure is not as fast or affordable as in the United States or Western Europe.
Apple accuses Qualcomm patent infringement in countersuit
Wed, Nov 29, 2017
Apple alleges that Qualcomm`s Snapdragon 800 and 820 processors, which power phones from Samsung Electronics Co Ltd and Alphabet Inc`s Google`s Pixel phones, infringe on those patents. Samsung and Google are not named in Apple`s counterclaims.
New kids on the block: Tech giants turning Sydney's CBD into ''Silicon Place''
Sun, Nov 12, 2017
The tech invasion - with locals now dubbing Martin Place, once the heartland of the finance sector, `Silicon Place` - has tightened the office rental market and helped drive down the city`s vacancy rate to a near-decade low, according to property manager Jones Lang Lasalle (JLL).
Alphabet's mobile ad revenue surges; shares jump by nearly 3%
Fri, Oct 27, 2017
Third-quarter revenue for Alphabet, the parent company of Google, jumped 24 % to $27.8 billion, above the average analysts' estimate of $27.2 billion.
Asian markets gain on upbeat earnings from US tech giants
Fri, Oct 27, 2017
Earnings from Alphabet , Microsoft and Amazon.com , the world's second, third and fifth largest companies by market capitalisation, were all upbeat, boosting their shares in after-hour trade.
Google takes on ad fraud issue by refunding advertisers for traffic generated by bots
Tue, Aug 29, 2017
Google has issued refunds to hundreds of advertisers for running ads on websites with fraud fraffic. The ad refunds are paving a way for tackling ad fraud which has been growing.
Mobile advertising revenue of nearly $8 billion in Q2 powers Facebook's growth
Thu, Jul 27, 2017
Facebook posted a nearly 50% growth in advertising revenues in Q2 as mobile advertising revenues surged to an 87% growth during the quarter.
EU hits Google with record 2.42 billion euro antitrust fine
Tue, Jun 27, 2017
The Commission found that Google had systematically given prominent placement in searches to its own comparison shopping service and demoted those of rivals in search results.
Analysts see more gains as Amazon shares break $1,000
Wed, May 31, 2017
Among the other four largest U.S. companies by market cap, Apple and Facebook share prices have also risen nearly 33 percent this year while Alphabet has gained 26 percent and Microsoft has added 13 percent.
Sundar Pichai received nearly $200 million compensation last year from Google
Sat, Apr 29, 2017
The company's compensation committee attributed the lavish pay to Pichai's promotion to CEO and "numerous successful product launches"
Alphabet's Waymo sues Uber self-driving unit for stealing technology
Fri, Feb 24, 2017
This development has put a hurdle in the autonomous car segment which several companies have ventured into developing.
Mobile, video advertising pump up profit at Google parent Alphabet
Fri, Oct 28, 2016
Google parent Alphabet delivered higher profits for the third quarter, lifted by gains in mobile and video advertising as the tech giant narrowed losses on its "moon shots."