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SYDNEY (Reuters) – Australia will force U.S. tech giants Facebook Inc (FB.O) and Alphabet Inc’s (GOOGL.O) Google to pay Australian media outlets for news content in a landmark move to protect independent journalism that will be watched around the world. Australia will become the first country to require Facebook and Google to pay for news content provided by media companies under a royalty-style system that will become law this year, Treasurer Josh Frydenberg said. “It’s about a… Source link

Google, Facebook and other digital platforms could be forced to pay hundreds of millions of dollars in fines if they fail to comply with a news media bargaining code released by Australia’s competition regulator on Friday. The Australian Competition and Consumer Commission was asked to develop the mandatory code in April by the treasurer, Josh Frydenberg, after negotiations between the digital platforms, the ACCC and media companies stalled, and media companies experienced a sharp fall in… Source link

Alphabet CEO Sundar Pichai on retiring third-party cookies that websites attach to users’ browsers and the privacy and ad revenue issues surrounding this data. This year, Google’s ad revenue is expected to drop for the first time in years, according to the advertisement marketing research website eMarketer. Ticker Security Last Change Change % GOOGL ALPHABET INC. 1,538.37 +14.86 +0.98% The tech giant’s ad revenue could fall as much as 5.3 percent to $39.58 billion by the end of the year, though… Source link

Chrome is the world’s most popular browser, and Google just gave its two billion users five more great reasons to keep it that way.  Google Chrome is making major improvements across Windows, Mac, Linux, iOS and Android Getty Images MORE FROM FORBESGoogle Reveals Gmail’s Most Ambitious Ever UpgradesBy Gordon Kelly Google has revealed performance, feature and security enhancements for Chrome across desktop and mobile. Let’s break them down: Read… Source link

A day after lawmakers grilled the chief executives of the biggest tech companies about their size and power, Amazon, Apple, Alphabet and Facebook reported surprisingly healthy quarterly financial results, defying one of the worst economic downturns on record. Even though the companies felt some sting from the spending slowdown, they demonstrated, as critics have argued, that they are operating on a different playing field from the rest of the economy. Amazon’s sales were up 40 percent from a… Source link

In the second quarter, Facebook reported 10% growth in ad revenue while Google’s declined. Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images The headwinds of Covid-19’s economic impact in the second quarter were strong enough to slow down even the ad-funded tech giants. In its second-quarter results released today, Facebook reported $18.7 billion in revenue, an increase of 11% despite the slowdown of advertising spend as… Source link

The global pandemic dealt a rare losing hand to Google’s venerable digital advertising operation, pushing quarterly revenue down compared with a year earlier for the first time in company history. The search-engine giant posted a $2.6 billion drop in advertising for the second-quarter from a year earlier, as some of Google’s biggest advertisers, including travel companies and consumer brands, cut back on spending in the face of economic uncertainty. … Source link

Before Android, before the iPhone, and before GoPro became a known brand, the Flip Video camcorder took the world by storm, allowing millions to shoot digital home videos one-handed and easily save, share, and upload them to a nascent YouTube, thanks to an iconic flip-out USB port. What you probably didn’t know: the Flip Video was almost a Google-branded camera, internal Google emails revealed by the House Judiciary Committee’s antitrust sub-committee show. It would have been… Source link

The internet giant on Thursday reported nearly $38.3 billion in revenue for the second quarter, down 2% from the year prior. Still, revenue was slightly higher than the $37.4 billion Wall Street analysts had expected. The company posted net income just shy of $7 billion, which also beat analysts’ projections. “We continue to navigate through a difficult global economic environment,” Alphabet CFO Ruth Porat said in a statement with the earnings report. Source link