Tag Archives: parent

Google parent Alphabet Inc. (GOOG, GOOGL) crushed earnings last week, reporting a 62% revenue surge to $61.9 billion. That beat analysts estimates by almost $6 billion. The company reported diluted earnings per share (EPS) of $27.26, blowing away estimates of $19.35. Alphabet is marching ever closer to becoming a $2 trillion company. Key Takeaways Google parent Alphabet shattered earnings expectations last week. Big earnings attract institutional investors over the long term.

July 27 (Reuters) – Google parent Alphabet Inc’s (GOOGL.O) quarterly revenue and profit surged to record highs, the company reported on Tuesday, powered by a rise in advertising spending as more consumers shopped online. Shares of Alphabet, the world’s largest provider of search and video ads, rose 3.3% in extended trading after the results, which handily beat analyst estimates. Shares of Facebook, which competes with Google in web ad sales and reports its own results on Wednesday, rose 1.3%.

By Sheila Dang, Nivedita Balu (Reuters) -Google parent Alphabet Inc’s quarterly revenue and profit surged to record highs, the company reported on Tuesday, powered by a rise in advertising spending as more consumers shopped online. Shares of Alphabet, the world’s largest provider of search and video ads, rose 3.3% in extended trading after the results, which handily beat analyst estimates. Shares of Facebook, which competes with Google in web ad sales and reports its own results on… Source link

Google’s parent-company Alphabet has a birth to announce: a new company called Intrinsic which will focus on building software for industrial robots. The subsidiary will be one of Alphabet’s “other bets” — relatively speculative firms focusing on new technology like Waymo (self-driving cars), Wing (delivery drones), and Verily (healthcare and biotech). Details on what exactly Intrinsic is building or who its customers will be are unclear. A blog post from the company’s new… Source link

LONDON—Senior managers at Google artificial-intelligence unit DeepMind have been negotiating for years with the parent company for more autonomy, seeking an independent legal structure for the sensitive research they do. DeepMind told staff late last month that Google called off those talks, according to people familiar with the matter. The end of the long-running negotiations, which hasn’t previously been reported, is the latest example of how Google and other tech giants are trying to… Source link

Photo: ROBYN BECK/AFP via Getty Images Across many years of covering our increasingly fractured media landscape, there’s really just one thing that’s given us some true hope for the triumph of the human spirit over the rampant rise of cold corporate logic: The continued existence of the petty-ass “Just LOOK what your father is making me do!” energy that pervades any big conflict between content studios and the service providers who carry their work to the masses. Once upon a time, you… Source link

Dive Brief: Alphabet, the parent company of Google, “does not provide a safe environment for those who face harassment in the workplace,” a group of more than 1,700 employees said in an April 9 public letter to Google CEO Sundar Pichai. The letter claims the existence of a “long pattern where Alphabet protects the harasser instead of protecting the person harmed by the harassment,” citing instances in which alleged harassers received “exit packages” upon resigning… Source link

Bloomberg WHO Sees Pandemic on Wrong Path; Korean Wave: Virus Update (Bloomberg) — The pandemic is on the wrong trajectory after six straight weeks of increased cases, according to a World Health Organization officer, who said “vaccines will not end the pandemic.”South Korea’s president will hold an urgent meeting on Monday with the country’s top health officials, Yonhap News reported, after authorities warned the country is in the early stage of another wave of infections. Pfizer… Source link

An open letter addressed to Google (GOOG) and Alphabet CEO Sundar Pichai, published online on Friday, made two demands: the company stop those who are found to have harassed other employees from managing anyone and the company move anyone who has been found to have harassed others to another team. As of Friday afternoon, it appeared to have been signed by more than 1,000 company employees. “Alphabet workers deserve the right to work in an environment free from their abusers,” the letter said…. Source link

Google’s parent company, Alphabet, reports earnings Tuesday. The company saw an uptick in e-commerce and advertising dollars, but it’s also facing three antitrust lawsuits brought by state attorneys general and the U.S. Department of Justice.  How might this affect Google’s business model? These lawsuits target Google’s dominance as a search engine and how businesses rely on Google for customers to find them.  “Google is getting a cut of so much of… Source link