Wednesday’s antitrust hearing before Congress made tech giants like Google-parent Alphabet, Inc. and Facebook seem like they’ve rigged the deck. But Thursday’s second quarter reports from both companies made the ad game look a little more fair. Google may be a search monopoly, but its exposure to hard-hit sectors like travel seems to be hurting it at the moment. The company reported the first on-year decline in advertising revenue in its history. Meanwhile Facebook said its own… Source link

(Bloomberg Opinion) — There is no shortage of investors shrugging off the latest leg lower in U.S. Treasury bond yields, saying heavy central bank involvement in this part of the financial market make such moves less of a signal that the economy or that equities are headed for trouble. That interpretation would be a mistake. Recall that yields on 30-year government bonds started to decline on Jan. 2, anticipating the fallout from the budding coronavirus crisis that had taken hold in China…. Source link

Media companies in Australia will be able to seek payment from Facebook Inc. and Alphabet Inc.’s Google for news articles that are posted on their platforms, according to new rules, which could set a precedent for other countries seeking to compel tech giants to compensate local publishers. The new rules, which need to be passed by Australia’s Parliament, would require digital platforms to take part in negotiations with media companies over payment, Australia’s competition… Source link

AFC Bournemouth Considers Legal Action Over Hawk-Eye Error By Andrew Cohen July 30, 2020 English soccer club AFC Bournemouth is debating whether to pursue legal action over a faulty goal line call from Hawk-Eye, according to the BBC. The errant call resulted in the team being relegated from the Premier League. Fellow Premier League clubs Ashton Villa and Sheffield United played a match on June 17 that ended in a scoreless draw. However, Sheffield United should have been… Source link

Google is launching a new tool that allows businesses to identify themselves as Black-owned through the company’s Maps and Search listings. The new feature is part of the company’s pledge announced last month to support the Black community with “initiatives and product ideas that support long-term solutions.” When searching for a business through Google.com or Google Maps, you’ll now be able to see a new badge to represent Black-owned businesses — it’s a black heart over… Source link

Yahoo Japan Corporation, a Japanese internet company, will be unifying the names and services of six of its financial operating companies, including YJFX, a foreign exchange (forex) trading provider owned by Yahoo, under the “PayPay” brand. In particular, Z Holdings Co., Ltd. (ZHD), Z Financial Co., Ltd. (ZF) and SoftBank Corp., the holding companies of Yahoo Japan, said in a statement this Friday that the name change will occur in autumn of this year. The Most Diverse Audience to Date at… Source link

There’s chatter about LeBron James challenging favorite Giannis Antetokounmpo for NBA MVP. There’s a real battle on the Los Angeles Lakers for who deserves the honors for the team. It was on full display Thursday in a thrilling 103-101 Lakers win over the Los Angeles Clippers in their bubble debut. Anthony Davis looked every bit the part for much of the game before James closed the victory with a game-winner in traffic. Davis leads Lakers’ 3rd-quarter rally Davis dominated the scoreboard… Source link

Google continues to promote its .new domain name. Google In late 2019, Google opened its .new domain name for registration. In a recent blog post, the company showed off how some major tech companies, including Adobe, WordPress, Spotify-owned Anchor, Canva and Google itself use the name ending to make content creation easier. While Google does own a handful of “not-com” domain names, including .app, .dev and .page, the company has a different… Source link

NBA players vowed to use the NBA’s bubble restart to speak for social justice. Donovan Mitchell showed exactly what that looks like during Thursday’s bubble premiere. Mitchell’s Utah Jazz scored a dramatic win over the New Orleans Pelicans in the first game at Disney World. He took a bulletproof vest to the platform of his victor’s news conference. Why? Let Mitchell explain. ‘Am I next?’ A statement – Donovan Mitchell has a bullet proof vest. The vest features the name of numerous… Source link

It looked a lot like basketball, but it was far from a finished product. The NBA’s season-reopening game between the New Orleans Pelicans and Utah Jazz on Thursday reflected the Disney bubble experiment as a whole: It is way too early to make any determination about whether this is all worth it. The league has planned about as well as it possibly could for hosting 22 teams in a coronavirus hotspot, but even the best-laid plan is not immune to the rust of four months in isolation during a… Source link