Tag GOOGL

Meta Platforms plans to cut off access to news on Facebook and Instagram for all users in Canada once a new law requiring internet giants to pay news publishers takes effect, arguing news has no economic value to the company and that its users do not use the platform for news. Canada drafted new rules after legacy media companies complained about internet companies elbowing news businesses out of the online advertising market. The Canadian parliament passed "Bill C-18" into law, requiring internet giants to pay news publishers...

Despite rallying almost 40% this year, Alphabet stock has been the worst performer in the FAANG group...

Wall Street analysts are downgrading some of the market's best performers -- but that doesn't mean they're downbeat on the outlook for tech...

(Bloomberg) -- Alphabet Inc. fell 1.1% on Monday, after UBS Group AG downgraded the Google parent to neutral from buy in the latest example of waning enthusiasm toward megacaps among Wall Street analysts.Most Read from BloombergPutin to Address Nation After Prigozhin Denies Plotting CoupRussia Latest: Zelenskiy Adviser Says Wagner Remains in UkrainePutin Faces Historic Threat to Absolute Grip on Power in RussiaSilence Cloaks Kremlin After Russian Mutiny Against PutinRussia Latest: Biden Says US...

NEW DELHI (Reuters) -Google has urged India's Supreme Court to quash antitrust directives against it for abuse of the Android market, two sources said, as its presses its legal battle against the competition watchdog in one of its most important markets. The Competition Commission of India (CCI) said in October that Google, whose Android mobile operating system powers 97% of the 600 million smartphones in India, had exploited its dominant position. It ordered Google to remove restrictions imposed on device makers, including those related to the pre-installation of apps, and fined the U.S. firm $163 million, which it paid...

Amazon.Com, Inc (NASDAQ: AMZN) shared plans to ramp up investments in India to $26 billion by 2030, adding $6.5 billion in new planned assets after CEO Andy Jassy met Prime Minister Narendra Modi in the U.S. In May, Amazon Web Services (AWS) voiced plans to invest ₹1.06 trillion ($12.9 billion) in the country by the end of 2030. Earlier, Amazon disclosed a $6.5 billion investment plan to boost its e-commerce business. Also Read: Micron Braces For Chip Testing Debut In India As Country Ratifies $...

The U.S. Supreme Court on Monday declined to hear a bid by website Genius to revive its lawsuit accusing Alphabet's Google of misusing its transcripts of song lyrics in search engine results without a license. The justices turned away an appeal by Genius of a lower court's decision blocking its breach-of-contract claims against Google. Genius had argued that a win for Google could allow big tech companies to steal content without repercussions from websites such as Reddit, eBay and Wikipedia that aggregate user-created information...

Google's parent company, Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), has faced a lot of questions lately, largely because of the emergence of artificial intelligence (AI) tools such as chatbot ChatGPT, more regulatory scrutiny, and a slowdown in digital ad spending. Alphabet is up more than 9% in the past 12 months but still lags behind comparable companies and the overall S&P 500. Alphabet is a good investment, but being a good investment doesn't mean it's always a good time to be investing in the company...

UBS analysts cut Alphabet shares' rating to neutral while raising its price target. Yahoo Finance's Alexandra Canal discusses the growing competition between big tech companies and Alphabet's stock outlook...