Tag Archives: billion

(Bloomberg) — Meta Platforms Inc.’s one-day crash may rank as the worst in stock-market history. Most Read from Bloomberg The Facebook parent plunged 24% in U.S. trading Thursday on the back of poor earnings results, putting it on track to erase more than $200 billion. At current levels, that’s the biggest collapse in market value for any U.S. company. But there’s no certainty the losses will hold, especially given the recent volatility that’s whipped across technology shares. Markets… Source link

Congress is getting better at heading off devastating recessions. Yet the gusher of stimulus money Congress provided to offset the COVID recession during the last two years included hundreds of billions of dollars for wealthy Americans, with little benefit to the ordinary workers the money was supposed to help. New research by MIT economist David Autor and nine others finds that the Paycheck Protection Program, an $800 billion aid package Congress passed in March 2020, was one of the… Source link

Google parent company Alphabet hit a new record for annual revenue in 2021, showing no ill effects from the lingering coronavirus pandemic or ongoing issues with the global supply chain. For full-year 2021, the company saw a 41 percent year-over-year jump in revenue to $257 billion. The company reported revenue of $75.3 billion in the fourth quarter of 2021, up 32 percent from the year earlier. “Q4 saw ongoing strong growth in our advertising business, which helped millions of… Source link

NEW YORK, Jan. 29, 2022 /PRNewswire/ — The latest market outlook report titled “Cyber Security Market by Deployment, End-user and Geography – Forecast and Analysis 2021-2025” has been added to Technavio’s catalog. This recent market analysis report identifies the market to witness a potential growth difference of USD 189.70 billion from 2020 to 2025. The cyber security market is anticipated to record an accelerating growth momentum at a CAGR of 14.97% during this period. Attractive… Source link

Google will invest as much as $1 billion in the Indian telecom operator Airtel, the latest in a series of bets the search giant has made in the world’s second largest internet market as part of a $10 billion commitment to the country. Google said it will invest $700 million to acquire a 1.28% stake in Airtel, the second largest telecom operator in India with over 300 million subscribers, and pour up to $300 million more to explore multi-year commercial agreements… Source link

Google plans to invest up to $1 billion in partnership with India’s Airtel for providing affordable access to smartphones to over a billion Indians and accelerating the cloud ecosystem for businesses ByThe Associated Press January 28, 2022, 7:04 AM • 2 min read Share to FacebookShare to TwitterEmail this article NEW DELHI — Google will invest up to $1 billion in partnership with India’s Airtel to provide affordable access to smartphones to over a billion Indians and speed up use of… Source link

LONDON—Google plans to spend $1 billion buying office space it already uses in central London, saying it believes office work will remain vital for the tech giant. The purchase of the site, called Central Saint Giles, near the British Museum, comes as the Alphabet Inc. unit is building a separate, massive new U.K. headquarters about a mile and a half away, next to London’s King’s Cross train station. … Source link

The wins keep piling up for Ford (F).  Impressive orders for the new electric F-150. Ford scion Bill Ford buying a slug of stock in a show of confidence. This week the auto giant’s market cap burst through $100 billion, while crosstown rival GM (GM) stays stuck in neutral at about $89 billion. Despite these grabby headlines, long-time auto analyst Adam Jonas of Morgan Stanley thinks Ford shares have gotten ahead of themselves.  How ahead? The veteran number cruncher said in a new note he… Source link

Google said Friday that it would spend $1 billion to purchase a London office building, making it the owner of another high-priced piece of real estate as the internet giant bets on an eventual return to office for its employees around the world. The company said it would buy a building in London’s West End where it had already been leasing office space. The purchase is on top of another $1 billion that Google is estimated to be spending to construct an 11-story, one-million-square-foot… Source link

Google said Friday that it would spend $1 billion to purchase a London office building, making it the owner of another high-priced piece of real estate as the internet giant bets on an eventual return to office for its employees around the world. The company said it would buy a building in London’s West End where it had already been leasing office space. The purchase is on top of another $1 billion that Google is estimated to be spending to construct an 11-story, one-million-square-foot… Source link