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
Read More »How much Google makes from ads
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
Read More »Google Reveals Massive Upgrades For Chrome Users
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
Read More »Amazon, Apple, Facebook, Google report earnings, plus Kodak stock moves
Facebook Reports Slower Q2 Advertising Growth While Google Reveals A Rare Revenue Decline
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
Read More »Google parent Alphabet posts first revenue decline in company history
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
Read More »Google parent company Alphabet sees its first revenue decline in history
Google parent company Alphabet warned in last quarter that it was expecting to see the impact of coronavirus in the second quarter results, and it was: the company saw its first revenue decline in its history. But it managed to beat Wall Street’s revenue expectations. Total revenue for the quarter was $38.3 billion, versus the $37.4 billion expected, but that marks a 2 percent decline from the second quarter of 2019. Net income dropped from $9.9 billion a year ago, to $6.9 billion…. Source link
Read More »Google Teases Pixel 4a Phone Reveal on Aug. 3
(Credit: Google) Google appears ready to debut the much-rumored Pixel 4a on August 3. On Thursday, the company’s “Made by Google” social media accounts on Facebook and Twitter were updated to show a new background image mentioning the phone, which was spotted by 9to5Google. The company has also created a special web page on the Google Store that reveals a little more—after you solve a puzzle. The company covered the remaining words to this phrase, “The Google ___ ____ ____ ____… Source link
Read More »Alphabet sales drop for first time on Google ad cutbacks in pandemic | News
Thursday, July 30, 2020 4:24 p.m. EDT by Thomson Reuters By Paresh Dave and Munsif Vengattil OAKLAND, Calif./BENGALURU (Reuters) – Google parent Alphabet Inc’s quarterly sales fell for the first time in its 16 years as a public company, but the decline was less than expected as many advertisers stuck with the most popular online search engine during the pandemic. Shares of Alphabet fell 1.2% to $1,518.85 after it released the… Source link
Read More »Google Plans To Lay A New Trans-Atlantic Cable To Improve Internet Infrastructure – NPR
Google announced Tuesday that it is planning to lay a new trans-Atlantic underwater cable that it claims will ensure a significant upgrade to the U.S.-Europe Internet infrastructure. Source link
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