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Press Releases 11/14/2022 Attorney General Tong Announces Historic Google Settlement Over Location Tracking Practices (Hartford, CT) – Attorney General William Tong today announced that Connecticut, along with 39 other attorneys general, has reached a $391.5 million multistate settlement with Google over its location tracking practices relating to Google Account settings. This is the largest multistate privacy settlement in… Source link

Amazon (AMZN) is preparing to lay off roughly 10,000 employees as soon as this week, The New York Times reported on Monday, citing unnamed sources familiar with the matter. The layoffs come as the tech industry continues to struggle amid a slowing economy, rising interest rates, and stubborn inflation. Facebook parent Meta and Twitter also laid off thousands of employees this month. The layoffs will impact Amazon’s Alexa business, as well as the company’s retail and human resources… Source link

Tech Attorneys general found that Google violated state consumer protection laws by misleading consumers Source link

WASHINGTON, Nov 14 (Reuters) – Alphabet’s Google (GOOGL.O) will pay about $400 million to settle a complaint brought by a group of states over allegations the search and advertising giant illegally tracked users’ locations, two people familiar with the matter said. The announcement will come as early as Monday, the sources said. The lawsuit, which includes Oregon, the people said, is a sign of mounting legal headaches for the tech company from state attorneys general who have aggressively… Source link

WASHINGTON — Google agreed to a record $391.5 million privacy settlement with a 40-state coalition of attorneys general on Monday for charges that it misled users into thinking they had turned off location tracking in their account settings even as the company continued collecting that information. Under the settlement, Google will also make its location tracking disclosures clearer starting in 2023. The attorneys general said that the agreement was the biggest internet privacy settlement by… Source link

COLUMBIA, S.C. (WIS) – Monday Harvest Hope announced a partnership with Google.org and Feeding America. Google.org is the company’s philanthropic arm. The partnership aims to immediately deliver meals to South Carolinians in need of food. Another goal of the partnership is to find long-term technological solutions and provide greater access to resources. Harvest Hope said 34 million Americans, including nine million children, are facing food insecurity. The Feeding America network of food… Source link

“Google is clearly trying to modernize what has been this golden goose, which is their search business, while also trying to modernize the format that they’re able to deliver to users on YouTube with Shorts,” said our analyst Max Willens, following Alphabet’s third-quarter earnings. “We might be at the beginning of an environment where it’s tough to build momentum around either of them.” How we got here: Last month, Alphabet revealed only modest third-quarter gains after a booming… Source link

Beyond Meat’s disappointing earnings prompted a price-target plunge from Mizuho analyst John Baumgartner. Though he kept a Neutral rating on the stock, he slashed the firm’s price target to $11.00 from $27.00. In its third-quarter earnings results, the plant-based giant posted a wider-than-expected loss on adjusted earning per share, but beat on revenue estimates as it targets cash flow positive operations within the second half of 2023. Net revenue decreased by 22.5%… Source link

TOKYO–(BUSINESS WIRE)–Hewlett Packard Enterprise (NYSE: HPE) today announced that Yahoo! JAPAN has chosen HPE Asset Upcycling Services to ensure end-of-use hardware gets refurbished and reused wherever possible, to meet its sustainability goals. Yahoo! JAPAN provides internet services to approximately 86 million users. In order to deliver a state-of-the-art user experience the company is constantly modernizing its technology environment. Yahoo! JAPAN pledges to be carbon… Source link

Klarna is expanding into the competitive world of price comparisons, with the launch of a new tool that compares prices across thousands of retailers. The company quietly rolled out the price comparison service in the U.S. a few weeks back, and is now extending this into additional markets in Europe including The U.K. and the Nordics. The European “buy now, pay later” fintech has had a turbulent year, laying off 10% of its workforce in May followed by a second… Source link