Tag GOOGL

Sundar Pichai, chief executive of Alphabet and its subsidiary Google, will testify on Monday in the once-in-a generation antitrust fight over Google's dominance of search and some parts of search advertising. Pichai, who is being called as a witness for Google, will likely be asked about the company's investments aimed at keeping its search competitive, especially as smartphones took over, and innovation in search advertising. The government, in cross examination, may ask why the company pays billions of dollars annually to ensure that Google search is the default in smartphones...

Google, riding an advertising rebound, reported revenue of $76.69 billion for the third quarter, above Street estimates of $75.97 billion, a growth of 11%. And Google's unique advantage, Munster said, revolves around the company's prominence in the search market...

It's rare for a company as large as Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) to move by double digits in a week, but that's exactly what happened following the Google parent's earnings report Tuesday night. While Alphabet actually beat estimates on the top and bottom lines, investors seemed disappointed with weaker-than-expected results from its cloud division and a narrower operating margin than analysts had forecast. According to data from S&P Global Market Intelligence, shares of Alphabet's Class A (NASDAQ: GOOGL) stock were down 10% as of Thursday at 1:22 p.m. ET...

Google executive Prabhakar Raghavan on Thursday detailed challenges the search and advertising giant faces from smaller rivals, describing efforts to avoid becoming "the next road kill." Raghavan testified at the ongoing antitrust trial in the suit brought by the U.S. Justice Department and a coalition of state attorneys general, alleging Alphabet's Google unlawfully abused its dominance in the search-engine market to maintain monopoly power. Raghavan, asked about a 1998 article about Yahoo!'s dominance of search at the time, said he was acutely aware rivals from Expedia.com to Instagram to TikTok competed for users' attention...

A top Google executive testified Thursday that the company's success is precarious and said its leadership fears their product could slide into irrelevance with younger internet users. Prabhakar Raghavan, Google's senior vice president for knowledge and information products, testified for the tech giant as it defends itself in the biggest antitrust trial in the last 25 years. The government has accused the company of illegally thwarting competitors from making inroads against its ubiquitous search engine...

Investors cheered tech behemoths as they soared this year. Now, the biggest stocks are getting crushed the most—causing pain across the market. "This is the consequence of narrow market leadership," said Steve Sosnick, chief strategist at Interactive Brokers, in an email...