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The headline numbers for Alphabet (GOOGL) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals...
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A US judge has ruled that billionaire Elon Musk’s $56bn (£44bn) Tesla pay package can be cancelled, calling the compensation “an unfathomable sum” that was not fair to shareholders, according to a court filing...
Continue ReadingAd-supported social media stocks are trending lower in late trading Tuesday after Google-parent Alphabet reported December quarter advertising growth that came in slightly below Wall Street estimates...
Continue ReadingThe Delaware judge who rescinded Elon Musk's record $56 billion compensation from Tesla on Tuesday has a reputation for her calm demeanor and demanding standards for corporate behavior. Chancellor Kathaleen McCormick's ruling on Musk's pay follows decisions against a private equity firm that tried to wriggle out of a takeover deal and a CEO who shortchanged his own shareholders when he sold his company. The first woman to lead Delaware's Court of Chancery, the go-to venue for U.S. corporate litigation, has also tangled with Musk before...
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You know you’ve screwed up when you’ve simultaneously angered the White House, the TIME Person of the Year and pop culture’s most rabid fanbase. That’s what happened last week to X, the Elon Musk-owned platform formerly called Twitter, when AI-generated, pornographic deepfake images of Taylor Swift went viral. One of the most widespread posts of the nonconsensual, explicit deepfakes was viewed more than 45 million times, with hundreds of thousands of likes. That doesn’t even factor in all the ac...
Continue ReadingIn this article, we look at the 30 most air polluted cities in the world. You can skip our detailed analysis on companies that are taking measures to combat pollution and head over directly to the 10 Most Air Polluted Cities In The World. A report by the International Energy Agency (IEA) in March 2023 […]...
Continue ReadingIn the wake of many companies reporting quarterly earnings, an analysis by Yahoo Finance's Josh Schafer reveals an average stock price increase of 1.5% for those beating expectations. Schafer examines share price movements in the sessions after earnings to gauge the market's reaction. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith...
Continue Reading(Bloomberg) -- Alphabet Inc. reported fourth-quarter revenue from its core search advertising business that fell short of analysts’ estimates, overshadowing an otherwise strong end to the year.Most Read from BloombergMusk Pay Package Voided, Threatening World’s Biggest FortuneMusk Says First Neuralink Patient Received Implant in BrainTech Giants Slide in Late Trading After Earnings: Markets WrapUPS CEO Kicks Off Productivity Drive by Cutting 12,000 ManagersMicrosoft Sales Top Estimates; Cloud Gr...
Continue ReadingMicrosoft (MSFT) posted its latest quarterly earnings showing revenue increased nearly 18% year-over-year to $62.02 billion, beating Wall Street expectations of $61.14 billion. The personal computing segment of this business, which includes Windows, Surface, Bing, and Xbox, contributed to $16.89 billion in revenue, beating Wall Street expectations of $16.79 billion. With the advent of AI-powered PCs, questions arise around the impact of Microsoft PC sales and how the company will operate moving forward with this new tech. Ted Mortonson, Baird Technology Desk Sector Strategist, joins Yahoo Finance to give insight into Microsoft's potential with AI-powered PC's and the impact it may have on sales. Mortonson explains Microsoft's advantage with this next generation of tech: "When you put the gen AI infrastructure into place, and we're doing it right now, I mean, you looked at results like last night with SMCI just absolutely annihilating the number on servers, but as you go forward, we're gonna have to upgrade not only handsets but the PC. We are going to start hearing this term of 'generative IOT devices,' in the '25, '26 time frame, you're going to have to see most PCs being upgraded to have gen AI functionality. What that means is, you're going to have a combination of GPUs, CPUs, and other accelerators on that next generation PC... So, Microsoft is in the pole position to leverage not only through Azure that but, the gen AI PC cycle where every PC in the world will eventually have to be upgraded." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino...
Continue ReadingAlphabet (GOOG, GOOGL) reported its fourth-quarter earnings results revealing better-than-expected revenue and profit, but ad revenue came in weaker than analyst estimates of $65.94 billion. With search being one of the powerhouses of revenue for the Google-parent, questions around the impact of AI on search and ad revenue arise. Baird Technology Desk Sector Strategist Ted Mortonson joins Yahoo Finance to give insight into the impacts of AI on search engines and what it could mean for Google and other tech companies. When asked about how AI can potentially interrupt Google's dominance, Mortonson replies: "It will over the next two to three years, but it's nothing instantaneous. When you see the Meta (META) results and the Google results, they're still two of the most dominant players in advertising and they will be for the next quarters to come. Obviously, Microsoft (MSFT) with their investment with OpenAI, the search landscape will change." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino...
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