A cryptocurrency price crash and the onset of a new so-called “crypto winter” has left many companies in the industry facing a liquidity crisis. Artur Widak | Nurphoto | Getty Images Not even Google is immune from the Crypto winter. In Alphabet’s third-quarter earnings call on Tuesday, Philipp Schindler, Google’s chief business officer, blamed a slowdown in revenue growth in part on reduced ad spending by cypto companies and other financial firms. “In the third quarter, we did see a pullback in… Source link

WASHINGTON, Oct 25 (Reuters) – The U.S. Justice Department said on Tuesday it reached an agreement with Alphabet Inc’s (GOOGL.O) Google resolving a dispute with the search engine giant over the loss of data responsive to a 2016 search warrant. The government said it was a “first-of-its-kind resolution” that would result in Google reforming “its legal process compliance program to ensure timely and complete responses to legal process such as subpoenas and search warrants.” “The department is… Source link

New York CNN Business  —  Google may be the giant in the digital advertising world, but even it is not immune to the impact that the economic downturn and recession fears are having on the online ad market. Google parent company Alphabet (GOOGL) on Tuesday reported earnings results for the third quarter that fell short of Wall Street analysts’ estimates for both sales and profits,… Source link

“When Google stumbles, it’s a bad omen for digital advertising at large,” said Evelyn Mitchell, principal analyst at Insider Intelligence, noting that Google’s core website has in the past been more resilient to ad spending downturns than social media sites like Facebook or Snap. Source link

The Department of Justice today filed a stipulation and agreement resolving a dispute with Google over the loss of data responsive to a search warrant issued in 2016. Pursuant to the first-of-its-kind resolution, Google has agreed to reform and upgrade its legal process compliance program to ensure timely and complete responses to legal process such as subpoenas and search warrants, as required under the Stored Communications Act (SCA) and other applicable legal authorities. To monitor that… Source link

Whether you’ve played Daily Fantasy on Yahoo before or are giving it a try for the first time, this weekly column will take an early look at the DFS landscape, revealing whom I like building lineups around, stars to fade, undervalued plays and bargain bin options to help you construct a better team. Lineup building blocks Jalen Hurts ($39) vs. Pittsburgh Steelers Hurts stands out in a DFS slate missing Josh Allen, Lamar Jackson, Justin Herbert, Patrick Mahomes and Joe Burrow. The Steelers… Source link

Chipotle (CMG) posted third quarter 2022 earnings results Tuesday after market close that slightly beat market expectations. Here’s what the California-based company reported, compared to Wall Street’s expectations, according to Bloomberg consensus estimates: Revenue: $2.2 billion versus $2.24 billion expected Adj. earnings per share (EPS): $9.51 versus $9.23 expected Same-store sales: 7.6% versus 7.38% expected The third quarter that ended on September 30, 2022, proved that customers are… Source link

Google parent Alphabet (GOOG, GOOGL) reported its third-quarter earnings on Tuesday, falling short of analysts’ expectations on the top and bottom line, as YouTube advertising revenue came up $400 million short of estimates. These are the most important numbers from the report compared to what Wall Street was expecting of the company, as compiled by Bloomberg. Shares of Alphabet were down nearly 6% following the announcement. The digital advertising market has been struck by a slowdown in… Source link

A Russian court, as expected, upheld WNBA star Brittney Griner’s nine-year sentence for drug possession, rejecting her appeal for reduced punishment. The ruling handed down by a three-judge panel sends Griner to serve out her sentence in a Russian prison colony, unless U.S. officials are able to negotiate her release. The seven-time WNBA all star has been detained since February after Russian authorities found vape cartridges containing cannabis in her luggage at Moscow’s… Source link

Coca-Cola’s (KO) better-than-expected earnings report on Tuesday could be a sign of what lies ahead for the beverage giant as it rolls out a potential home-run product with Jack Daniel’s whiskey. “I think the Jack Daniel’s and Coca-Cola [ready-to-drink] cocktail could be something interesting,” Wedbush analyst Gerald Pascarelli said on Yahoo Finance Live (video above). “When you just look at the brand equity of the Coca-Cola trademark as well as Jack Daniel’s, and you look at some of the… Source link