Washington CNN  —  For the better part of 15 years, Google has seemed like an unstoppable force, powered by the strength of its online search engine and digital advertising business. But both now look increasingly vulnerable. This week, the Justice Department accused Google of running an illegal monopoly in its online advertising business and called for parts of it to be broken up. The case comes a couple of… Source link

Southwest Airlines (LUV) reported a loss for the fourth quarter, as the company took an $800 million pretax hit to earnings due to the computer system failure that led to the airline’s holiday travel meltdown. For the quarter, Southwest reported: “Due to the operational disruptions in late December, which resulted in more than 16,700 flight cancellations, we incurred a fourth quarter pre-tax negative impact of approximately $800 million (or approximately $620 million on an after-tax basis),… Source link

Microsoft appears to be on the cusp of being something it hasn’t been in a long time: cutting-edge. It’s a label the company lost a long time ago after a series of small startups grew to become Microsoft’s biggest competitors. Google, for example, started out as a nimble, innovative upstart and eventually bested Microsoft in browsers, email, and mobile operating systems. But now Microsoft might be the nimble, innovative company that bests Google in artificial intelligence. And… Source link

A Google recruiter said he learned he’d lost his job after a call with one of his candidates disconnected. Dan Lanigan-Ryan said he was gradually locked out of company systems “and then that was it.” Laid-off Google staff have criticized the abrupt and impersonal manner in which they were terminated. … Source link

Sundar Pichai, CEO of Google parent Alphabet, said on Friday around 12,000 jobs would be cut.AP A Google employee said he and his wife were both laid off by the tech giant in Friday’s mass cull. Ashish Kalsi wrote on LinkedIn that they stared at each other in “disbelief” that morning as their daughter slept. Kalsi said he’s on an H-1B visa and has a 60-day “countdown” to find a new role or leave the US. A Google engineer said he and his wife stared at each other in “disbelief” upon learning on… Source link

Tesla CEO Elon Musk sounded sleepy on the EV maker’s earnings call late Wednesday. That’s not surprising given the time needed to try to reduce debt at Twitter, appear in court, study rocket designs, and stay up late the day before the call with the Tesla AI team. Musk did his best to sound enthusiastic about Tesla’s business as he warned of a “severe” recession this year — doubling down on his recent downbeat economic rhetoric — before announcing a delay in the timeline of Cybertruck… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, January 26, 2023 Today’s newsletter is by Jared Blikre, a reporter focused on the markets on Yahoo Finance. Follow him on Twitter @SPYJared. Read this and more market news on the go with the Yahoo Finance App. Stocks mounted an impressive comeback Wednesday, with the Nasdaq Composite (^IXIC) nearly erasing its biggest opening deficit… Source link

A Google employee said he and his wife were both laid off by the tech giant in Friday’s mass cull. Ashish Kalsi wrote on LinkedIn that they stared at each other in “disbelief” that morning as their daughter slept. Kalsi said he’s on an H-1B visa and has a 60-day “countdown” to find a new role or leave the US. … Source link

As part of the layoffs, Google killed all but three Area 120 initiatives. It has now emerged that one of those projects is the acqui-hired “Liist” team working on a “Gen Z consumer product.” According to TechCrunch, Google quietly acquired Liist last year for Area 120. The startup developed an app that let you save places that you see in Instagram and TikTok. Liist dates back to 2019 and the purchase occurred sometime after/around August 2022 You could send Instagram links to… Source link

After Jordan Poole missed a deep jumper attempt early in the shot clock with the Golden State Warriors leading by two points with under two minutes remaining in the fourth quarter, Steph Curry appeared frustrated.  Following Poole’s miss, Curry threw his mouthpiece while running back on defense and was quickly ejected for the third time in his career. By rule, throwing anything toward the crowd triggers an ejection.  Despite his miss before Curry’s ejection, Poole got a chance at… Source link