Meta, the parent company of Facebook and Instagram, is threatening to pull news feeds on its platforms for California residents if the state legislature passes the Journalism Preservation Act. In a statement posted on Twitter on May 31, Meta expressed its opposition to the proposal AB 886, which requires big tech companies to pay news outlets…
Meta Threatens to Pull News Feeds Over California’s Journalism Preservation Act
June 1, 2023
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Google’s Persistent Ad Slump Weighs on Alphabet’s 1Q Results
SAN FRANCISCO—Google’s advertising malaise persisted during the first quarter while the internet company also grapples with advancements in artificial intelligence technology that threaten to undercut its dominant search engine. An unprecedented downturn in Google’s digital ad revenue—the company’s main moneymaker for more than 20 years—came into sharper focus Tuesday with the release of the January-March…
Is the Party Over for Tech Stocks?
Commentary At the annual Boys’ Club of New York luncheon on April 4, a 16-year-old guest asked hedge fund manager Chase Coleman what stock he should buy. It was an innocuous and softball question. Buy the FAANGs, Coleman said, referring to the acronym of several mega-cap technology stocks including Apple, Alphabet, and Meta Platforms. Wait,…
Google to Launch Fund to Support Taiwan’s Media Outlets
TAIPEI—Alphabet Inc.’s Google said on Wednesday it will launch a T$300 million ($9.8 million) fund over the next three years to help boost the Taiwanese media’s continuing operations and digital competitiveness. Google has come under pressure in some countries to negotiate commercial deals and pay news publishers for their content, though not in Taiwan. Google…
Google AI Chatbot Bard Flubs an Answer in Ad
Google published an online advertisement in which its much-anticipated AI chatbot Bard delivered an inaccurate answer. Introduced on Feb. 6, Bard was touted in an online ad by Google that ran in the company’s Twitter feed. In the tweet, Google described the chatbot as a “launchpad for curiosity” that would help simplify complex topics—and included…
Meta, Alphabet, Pinterest Shares Shudder on Snap Warning
Shares of Meta Platforms, Google-owner Alphabet and other companies that sell digital ads dropped late on Thursday after Snapchat owner Snap Inc. blamed inflation for its slowest revenue growth since going public five years ago. Snap was the first major social media company to release its September-quarter earnings, and its stock tumbled 25 percent following…
Alphabet Set for 20–1 Stock Split on Friday: What It Will Mean for Google Investors
Google’s parent company, Alphabet Inc. is set to execute its 20–1 stock split on Friday after market close, here’s what it means for investors. The Split There are two listed share classes of Alphabet, each with its own ticker symbol. GOOG shares are Class C shares with no voting rights, while GOOGL shares are its…
What You Need to Know: Google’s 20:1 Stock Split
June 8, 2022
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As stock market corporate events go, a stock split is one of the more exciting deals. On July 15, Alphabet, the parent company of Google, will execute a 20:1 stock split. Holders of Class A, Class B, and Class C shares as of July 1 will receive 19 additional shares for each share of stock…
Alphabet Misses on Revenue as YouTube Ad Business Slowed by Ukraine War
Google parent Alphabet Inc. on Tuesday reported its first quarterly revenue miss of the pandemic after the war in Ukraine hurt YouTube ad sales, leaving investors rattled as the global economy sputters. The world’s largest provider of search and video made a fortune over the last two years as the pandemic forced more shops and…
Aspiring Quantum Computing Firm Sandbox AQ Spun Off From Alphabet
Quantum computing aspiring firm Sandbox AQ. spun off from Alphabet Inc., procured “nine figures” of funding, and signed several clients for its cybersecurity services, Reuters reports. Sandbox’s investors include Schmidt, Breyer Capital, T. Rowe Price funds, and Salesforce.com Inc. founder Marc Benioff’s TIME Ventures. Sandbox would use cloud computing from Google Cloud and others. Sandbox AQ, backed by Google…
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