The world's most popular search engine, Google, was founded in 1998. To better reflect the increasingly diverse nature of the business, it established a parent organization called Alphabet (NASDAQ: GOOGL)(NASDAQ: GOOG) in 2015, which is now home to Google Search and all of its other businesses, including Google Cloud and YouTube. Together, they have amassed a $1.7 trillion market capitalization, making Alphabet the third-largest company in the U.S...
Continue ReadingPrem Watsa's 13F portfolio value increased from $1.75B to $1.88B this quarter. Click here to read more...
Continue ReadingWeb3 turns internet users into internet owners. It gives them a say when it comes to the platforms they use...
Continue ReadingThe "FAANG" acronym is used to describe a group of popular tech and tech-adjacent stocks. But what are FAANG stocks and are they a good investment? "What are FAANG stocks" is a question newer investors may ask when they hear the once-popular phrase "FAANG stocks" tossed around.In 2013, CNBC commentator Jim Cramer coined "FANG" as an acronym for Facebook – now Meta Platforms (META) – Amazon.com (AMZN), Netflix (NFLX) and Google, which is now Alphabet (GOOGL). He wanted to find a quick way to desc...
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Continue ReadingAmid a rocky week for stocks, we added to our positions in Qualcomm, McDonald's and Lockheed Martin...
Continue ReadingThe Justice Department's first witness when the government kicks off the second week of the Google antitrust trial will be a Verizon executive, who will likely face questions about agreements that the search and advertising giant reached with wireless carriers to be the default on their smartphones. The trial began Tuesday with talk of the "future of the internet" but quickly plunged into the weeds of commercial agreements with Android makers like Motorola and Samsung. On Monday, the first witness will be Brian Higgins from Verizon who says on his LinkedIn profile that he is a "senior vice president of device and consumer product marketing" who focuses on Verizon's "device, product, and accessory portfolio."...
Continue ReadingU.S. District Judge Leonie Brinkema on Friday declined to order a Justice Department official to stay out of the government's advertising antitrust lawsuit against Alphabet's Google but said the department "should think about it." In November 2021, Google asked the Justice Department to consider requiring Jonathan Kanter, assistant attorney general in charge of antitrust, to recuse himself because of his work for a long list of Google critics. The government has argued that Google should be forced to sell its ad manager suite...
Continue ReadingU.S. District Judge Leonie Brinkema on Friday declined to order a Justice Department official to stay out of the government's advertising antitrust lawsuit against Alphabet's Google but said the department "should think about it." In November 2021, Google asked the Justice Department to consider requiring Jonathan Kanter, assistant attorney general in charge of antitrust, to recuse himself because of his work for a long list of Google critics. The government has argued that Google should be forced to sell its ad manager suite...
Continue ReadingAlibaba (BABA) is set to make its AI model, Tongyi Qianwen, public. This is likely to intensify the generative AI competition...
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