Tag Archives: app

The Guardian Alphabet: revenue soared for Google owner as Covid brought more people online Company exceeded Wall Street’s expectations with $55bn in revenue, even as it continued to face landmark antitrust lawsuits Alphabet, the Google parent company, saw revenue jump 34% from a year ago. Photograph: Marcio José Sánchez/AP Google’s parent company, Alphabet, reported record profits for the second consecutive quarter and a 34% jump in revenues but warned bumper traffic and ad sales during… Source link

Bloomberg Microsoft Sales Jump on Cloud; Shares Slip on Lofty Forecast (Bloomberg) — Microsoft Corp. reported quarterly sales and profit that topped analysts’ estimates for a ninth straight quarter, lifted by booming cloud-computing demand. This time, investors weren’t satisfied.Sales in the period ended March 31 rose to $41.7 billion, the Redmond, Washington-based software maker said Tuesday in a statement. That compared with the $41.1 billion average estimate of analysts polled by… Source link

Bloomberg Saudi Arabia in Talks to Sell Aramco Stake to Global Energy Firm (Bloomberg) — Saudi Arabia’s crown prince said the kingdom is in talks to sell a 1% stake in state oil giant Saudi Aramco to a “leading global energy company” as he forecast a rebounding economy in the aftermath of the coronavirus pandemic.The kingdom is looking at the potential sale — which could be worth about $19 billion, based on the company’s market value — as a way to lock in customer demand for the… Source link

Roku Inc. warned Monday that users of its streaming products may lose access to the YouTube TV app due to a breakdown in negotiations with Alphabet Inc.’s Google. The maker of streaming devices and software alleges that Alphabet’s GOOG, +0.82% GOOGL, +0.79% Google “is attempting to use its YouTube monopoly position to force Roku ROKU, +1.26% into accepting predatory, anti-competitive and… Source link

The NFL draft doesn’t start until Thursday, but Trevor Lawrence is already making deals like a pro football player.  Lawrence, the overwhelming favorite to be the No. 1 overall pick in the draft, has signed a multi-year endorsement deal with the cryptocurrency investment app Blockfolio. The terms of the first-of-its-kind deal haven’t been disclosed, but he did receive a signing bonus that was paid out entirely in crypto and deposited into his Blockfolio account. A spokesperson for the… Source link

Spotify, Tile, and Match Group aren’t exactly startups anymore. Neither is Epic Games, the maker of Fortnite, which last summer was valued at $17.3 billion. But these companies, which all rely on Apple and Google to host their apps, are locked in a battle with the tech giants that could trickle down to smaller companies and independent app developers. Several of these companies testified before a subpanel of the Senate Judiciary Committee on Wednesday, chaired by Senator Amy Klobuchar (D-MN),… Source link

[unable to retrieve full-text content]Google and Apple attacked on app store ‘monopoly’  BBC News Source link

In a lengthy Senate hearing, the app makers said Apple and Google’s rules surrounding in-app payments and app updates allow the tech giants to choke off rival services, and that they engage in retaliation when app developers refuse to comply. The occasionally tense showdown highlighted how antitrust scrutiny of Apple is ramping up after more than a year of similar focus on its peers such as Amazon, Facebook and Google. And lawmakers were clear that the hearing would serve as a springboard… Source link

Tim Cook, chief executive officer of Apple, speaks at the 2019 Dreamforce conference in San Francisco on November 19, 2019. David Paul Morris | Bloomberg | Getty Images Some app makers who rely on mobile distribution from Apple and Google are scared of how much power the tech giants have over their businesses, according to congressional testimony delivered Wednesday. “We’re all afraid,” Match Group Chief Legal Officer Jared Sine told Sen. Amy Klobuchar, D-Minn., the chair of the Senate… Source link

Here’s what you need to know: An AirTag, which Apple introduced this week as an attachment that helps owners find lost items, and which Tile says is a copy of its trackers.Credit…Apple, via Reuters Tile said Apple boxed out its products and then copied them. Spotify said Apple blocked it from telling customers that they could find cheaper prices outside its iPhone app. And Match Group testified that it now paid nearly $500 million a year to Apple and Google in app store fees, the dating… Source link