Alphabet Inc. $GOOGL, the parent company of Google, has formalized a historic agreement with the Chilean government to construct a 14,800-kilometer (9,196-mile) submarine data cable across the Pacific Ocean. Announced on Wednesday, this infrastructure project aims to connect Chile with Australia and Asia, with an operational target set for 2027.
On Wednesday, Reddit Inc. $RDDT initiated legal proceedings against Anthropic, an emerging startup in the artificial intelligence sector. The lawsuit, filed in the San Francisco Superior Court, accuses Anthropic of illicitly scraping data from Reddit’s social media discussion platform without authorization. This data was allegedly used to train Anthropic’s AI models, contradicting prior public assurances from the company denying such usage.
Alphabet Inc. $GOOGL, the parent company of Google, has reached a preliminary settlement in a shareholder lawsuit accusing the tech giant of failing to adequately oversee antitrust risks. According to legal filings submitted late Friday, Alphabet has agreed to spend $500 million over ten years to restructure and reinforce its compliance and governance mechanisms.
Alphabet Inc. $GOOGL, the parent company of Google, has announced its intent to appeal a recent U.S. federal court ruling in a landmark antitrust case concerning its dominance in online search and digital advertising. The company criticized the court's proposed remedies, which were less stringent than the 10-year regulatory oversight initially advocated by U.S. antitrust authorities.
Alphabet Inc. $GOOGL, the parent company of Google, is set to face a critical antitrust trial in September, which could have far-reaching implications for its advertising business. The case stems from antitrust concerns raised by U.S. regulators about Google's dominance in the ad tech sector. Specifically, the U.S. Department of Justice (DOJ) has proposed that Google sell a significant portion of its advertising technology assets to alleviate concerns of anti-competitive practices. With the trial set to take place in Alexandria, Virginia, this case represents a pivotal moment not only for Google but also for the broader tech industry.
Alphabet $GOOGL experienced a notable surge of approximately 3% last Friday after its earnings report revealed that bold investments in artificial intelligence are boosting the company’s core advertising revenue. This development comes amid evolving market conditions and heightened scrutiny of digital ad spending, reflecting a dynamic shift in the competitive landscape.
The parent company of Google, Alphabet $GOOGL, has announced its earnings for the first quarter of 2025, surpassing Wall Street's expectations. Additionally, Alphabet has unveiled a stock buyback program worth $70 billion, which has captured the attention of investors.
Google $GOOGL, one of the world’s leading tech giants, is taking another step toward optimizing its internal processes. According to CNBC, the company has notified several of its remote teams that their employment may be at risk if they do not appear in the office at least three days a week.
Alphabet $GOOGL has once again found itself under the spotlight of financial and legal analysts. After U.S. District Judge Leonie Brinkema issued a ruling that found the tech giant guilty of deliberately acquiring and maintaining monopolistic power in the advertising server and exchange markets, Alphabet is set to appeal the "unfavorable" portion of the decision. This development is particularly significant amid ongoing antitrust scrutiny and fierce competition in the digital advertising arena.
A recent court decision in the United States has once again put Alphabet $GOOGL, Google’s parent company, firmly under the global financial spotlight. U.S. District Judge Leonie Brinkema in Virginia found Google guilty of unlawfully acquiring and maintaining monopoly power in two critical online advertising markets: publisher ad servers and ad exchanges that connect ad buyers and online platforms. This ruling intensifies pressure on the tech giant, setting a powerful legal precedent for further antitrust action.
In the fast-paced world of technology, the battle for market dominance continues. Recently, Alphabet $GOOGL has found itself in the center of a major antitrust inquiry in the United Kingdom. A collective action lawsuit filed in the Competition Appeal Court alleges that the tech giant may have caused damages of up to £5 billion (approximately $6.6 billion) by allegedly abusing its dominant position in the online search market.
Recent developments in the financial markets have once again cast a spotlight on global tech giants. Alphabet $GOOGL has filed a lawsuit in the United Kingdom, seeking compensation of approximately £5 billion (US $6.64 billion). The lawsuit accuses the tech behemoth of abusing its dominant position in the online search market, calling into question its competitive practices.
