Tag: Internet Media and Services

The Department of Justice late Tuesday made recommendations for Google’s search engine business practices, indicating that it was considering a possible breakup of the tech giant as an antitrust remedy.

Shares of Alphabet, the parent company of Google, fell Monday after a federal judge ordered it to allow users to bypass the Google Play Store when downloading and purchasing apps on Android devices.

Google filed an antitrust complaint with the European Commission Wednesday accusing Microsoft of using unfair licensing contracts to stifle competition in the multibillion-dollar cloud computing industry.

The European Union’s second-highest court on Wednesday said a 1.5 billion euro ($1.7 billion) fine imposed on Google
by regulators should be annulled, siding with the U.S. tech giant after it challenged the ruling.

European food delivery firm Delivery Hero says it plans to spin off its Middle East business Talabat and float it on the Dubai stock exchange later this year.

Ride-hailing platform Uber has been fined 290 million euros ($324 million) in the Netherlands for sending the personal data of European taxi drivers to the United States in violation of EU rules, Dutch data protection watchdog DPA said on Monday.

The detention of the Russian-born billionaire founder of Telegram, a messaging app known for its unfiltered content, has sparked debate about freedom of speech and illegal content on the internet.

A bid to break up Alphabet Inc.’s Google is one of the options being considered by the Justice Department after a landmark court ruling found that the company monopolized the online search market, according to people with knowledge of the deliberations

Expedia Group Inc. posted better-than-expected second-quarter results while warning of “softening” travel demand in the current quarter, leading it to adjust its expectations for the rest of the year.

Airbnb shares were falling in after-hours trading after the short-term rental company missed expectations for second quarter earnings and warned of moderating demand in the current quarter.

Uber reported second-quarter results that topped Wall Street estimates on Tuesday. The stock rose about 4% in pre-market trading.

Meta shares jumped about 7% in extended trading on Wednesday after the company beat Wall Street estimates for revenue and profit and issued a better-than-expected forecast for the current period.

 Uber and Chinese automaker BYD announced a multi-year partnership on Wednesday aimed at bringing 100,000 new electric vehicles to the ride-hailing platform globally.

Google parent company Alphabet reported second-quarter results after the bell Tuesday that were in-line with analyst estimates on revenue and earnings, but missed on YouTube advertising revenue.

Cybersecurity startup Wiz Inc. has turned down a takeover bid of as much as $23 billion from Alphabet Inc.’s Google, sticking instead with a plan for an initial public offering.

Spotify Technology  reported fiscal second-quarter earnings on Tuesday that beat expectations as revenue came in line with estimates. The audio giant posted a record profit in the quarter — a nod to its recent “efficiency” strategy while monthly active user metrics disappointed.

Starboard Value has amassed a roughly 6.5% stake in online dating company Match Group and is pushing the company to either make changes that would improve margins or go private.

Trump Media & Technology Group
shares surged 50% in premarket trading Monday following the attempted assassination of former President Donald Trump at a rally in Pennsylvania on Saturday.

Google’s greenhouse gas emissions have risen 48% since 2019, according to the firm’s latest environmental report, driven by the increasing power demands of artificial intelligence (AI).

The European Commission, the EU’s executive body, labelled Meta’s ad-supported subscription option a “pay or consent” model, meaning users have to either pay to use Meta’s platforms ad-free, or consent to their data being processed for personalized advertising.