alphabet
Google Fined $177-Million for Allegedly Blocking Competitors
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Alphabet, Apple and Microsoft Post Combined Profits of More Than $50B
Apple’s first iPhone model capable of connecting to ultrafast 5G wireless networks continued to power major increases in quarterly revenue and profits for tech’s most valuable company. With iPhone sales posting double-digit growth over the previous year for the third consecutive quarter, Apple’s profit and revenue for the April-June period easily exceeded analyst estimates. The Cupertino, California, company earned $21.7 billion, or $1.30 per share, nearly doubling profits earned during the same period last year. Revenue surged 36% to $81.4 billion. But in a Tuesday conference call with analysts, Apple CEO Tim Cook lamented that the steadily spreading delta variant of the coronavirus is casting doubt on how the rest of the year will unfold. “The road to recovery will be a winding one,” Coo...
Uber Acquires Trucking Firm for $2.25-Billion
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Facebook hits $1 trillion valuation for first time
Social media giant, Facebook, has hit a $1 trillion valuation, following a dismissal of two antitrust lawsuits against the company. Facebook’s stock closed higher on Monday at $355.64 per share which contributed to the trillion-dollar valuation, Business Insider reported. The rise came after a United States court dismissed complaints by the Federal Trade Commission and a group of state attorneys generals against the social networking company. The FTC has claimed that Facebook is exercising monopoly as the social media giant controls over 60% of the social-networking market. In the ruling of the case, US District Judge James Boasberg in Washington dismissed the claim, as he explained that there was no proof to support their claim. In a separate case, 46 state attorneys general formed a coal...
U.S. Senate Republican asks tech firms to explain account, content removals
The outgoing Republican chairman of the Senate Commerce Committee asked the chief executives of major U.S. tech firms Apple Inc, Facebook Inc, Amazon.com Inc, Alphabet Inc and Twitter to answer detailed questions about decisions to restrict or permanently ban accounts of conservative users and other steps to restrict content or platforms. Senator Roger Wicker said “thousands of conservative users’ accounts and content” have been “restricted or permanently removed from platforms.” He also cited a series of decisions causing social media site Parler to shut down operations temporarily. “Americans deserve transparency and accountability for what appears to be politically biased censorship – silencing the voices of users and public figures alike,” Wicker wrote. Get more stories like this on Tw...
Econet Teams Up with Alphabet to Expand Network Connectivity in Africa
Econet has teamed up with X’s Project Taara – Alphabet’s moonshot factory (formerly known as Google [x]) – to expand and enhance affordable, high-speed connectivity to communities across Sub-Saharan Africa. This makes it the first roll-out of Taara’s wireless optical communication technology in Africa. Taara’s links offer fibre-like speed internet access in areas where it’s not economically viable, or too difficult to install fibre, for example, over rivers or in areas where it is unsafe to dig trenches for cables. Econet will deploy Taara’s technology in Africa across Liquid Telecom’s Fibre Optic Backbone and Mobile Network Infrastructure starting in Kenya. “This technology and our partnership with Taara forms an important building block towards realising our vision of a digitally c...
Amazon, Facebook and Microsoft Report Double Digit Growth while Apple “Plunges”
Amazon, Facebook and Microsoft revenue grew by 35%, 17% and 13% respectively during the first nine months of 2020. On the other hand, Alphabet’s (Google) revenue increased by 9% and Apple’s revenue was up by 4% during the same period. According to the research data analyzed and published by Comprar Acciones, Apple was the only one to post a revenue decline. The three tech giants (Amazon, Microsoft and Facebook) generated a cumulative $152 billion in Q3 2020. Apple Revenue Plunges by 20.7% in Q3 Due to iPhone 12 Delays During Q3 2020, Apple’s revenue totaled $64.7 billion, marking a growth rate of 1% year-over-year (YoY). iPad revenue increased by 46% YoY in that period. Mac revenue grew by 28% and services revenue soared by 16.3%. /* custom css */ .tdi_3_65c.td-a-rec-img{ text-align: left;...
Google announces $10 billion ‘digitization fund’ for India
Agence France-Presse Alphabet’s Google on Monday said it will spend around $10 billion in India over the next five to seven years through equity investments and tie-ups, marking its biggest commitment to a key growth market. The investments will be done through a so-called digitization fund, highlighting Google’s focus on the rapid pace of growth of apps and software platforms in India, one of the world’s biggest internet services markets. “We’ll do this through a mix of equity investments, partnerships, and operational, infrastructure and ecosystem investments,” Sundar Pichai, CEO of Alphabet, said on a webcast during the annual “Google for India” event. “This is a reflection of our confidence in the future of India and its digital economy.” Google has already made some direct and indirec...
Waymo inks deal with Volvo to develop self-driving electric cars
Agence France-Presse Waymo and the Volvo Cars Group have agreed to develop a self-driving electric vehicle designed for ride-hailing use, as part of a new global partnership, the companies said on Thursday. Waymo, a unit of Silicon Valley’s Alphabet, said it will be the exclusive global partner for Volvo Cars for developing self-driving vehicles capable of operating safely without routine driver intervention. Waymo will focus on the artificial intelligence for the software “driver.” Volvo will design and manufacture the vehicles. The companies said Waymo will work with Volvo’s global brands, including Polestar and Lynk & Co. Volvo, owned by China’s Zhejiang Geely Holding Group, has a separate agreement to deliver vehicles to ride-hailing company Uber that Uber will equip to operate as ...
Google Will Begin to Automatically Delete User Location History by Default
Sourced from Shutterstock. Google announced that it will start to automatically delete the location history and web activity of users after an 18 month period. “We continue to challenge ourselves to do more with less, and today we’re changing our data retention practices to make auto-delete the default for our core activity settings,” Google and Alphabet CEO Sundar Pichai says in a release. Usually, users would have to manually turn this feature on, but now it seems that the search engine giant has decided to include it by default. Google will be able to keep certain amounts of information on the online activity of users and still be able to recommend websites and adverts on things you may like based on your location and browsing history, but now, they won’t have to deal with vast amounts ...
The inside story of why Google is becoming Alphabet now
Dynamically brand synergistic schemas via cross functional networks. Quickly visualize web-enabled strategic theme areas for cross functional e-business. Enthusiastically productize client-centered web-readiness without cost effective outsourcing. Uniquely target integrated content whereas backend deliverables. Appropriately simplify viral bandwidth via premier users. Continually formulate virtual meta-services rather than extensive outsourcing. Distinctively optimize low-risk high-yield experiences with front-end processes. Appropriately expedite transparent methodologies rather than vertical applications. Collaboratively seize out-of-the-box. Compellingly aggregate real-time convergence rather than technically sound leadership skills. Rapidiously mesh backend networks and focused e-taile...
