Tag Archives: percent

Alphabet’s Profit Dropped 14 Percent in the Second Quarter

Alphabet’s Profit Dropped 14 Percent in the Second Quarter

Google’s search engine business is demonstrating resilience in the face of a slowing economy and rising inflation, but its other businesses have not been able to escape a downturn in online advertising. Google’s parent company, Alphabet, reported on Tuesday a net profit of $16 billion in the second quarter, down 14 percent from a year earlier, while revenue climbed 13 percent to $69.7 billion. The earnings were below analysts’ estimates of $17.5 billion in profit on $69.9 billion in… Source link

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Yandex shares are down 71 percent following Russia's invasion of Ukraine – DatacenterDynamics

Shares in Russia’s largest tech company Yandex are down 71 percent compared to February 16. They dropped 54.4 percent directly after the invasion of Ukraine on February 23. The dramatic fall comes as part of a wider collapse of Russian stocks as investors fear growing turmoil and state sanctions. Yandex launched a public cloud service in 2018, initially for its home… Source link

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Microsoft offers 60 percent discount to Google ‘legacy’ G Suite customers

Google announced last month that it plans to make free “legacy” G Suite accounts pay for a subscription by May 1st. The move surprised a bunch of G Suite users that have been using the service with custom domains, and now, Microsoft is trying to entice G Suite users to pay for Microsoft 365 instead with a 60 percent discount offer. “If you’re a small business that’s relied on G Suite legacy free edition, we couldn’t help but notice you might be in the market for a new… Source link

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Google’s profits soar as revenue rises 62 percent.

Alphabet, Google’s parent company, just made in three months what it took until recently an entire year to earn. That is a level of growth that companies of its size rarely if ever achieve, but the pandemic has erased all the limits for tech firms. The search and advertising company on Tuesday reported record profits and revenue for the second quarter, vindicating the enthusiasm of investors who doubled its value on the stock market since early last year. The stellar results pushed shares… Source link

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Yahoo Small Business Finds Only 38 Percent of Microbusiness Owners Received Government Aid During the Pandemic, with 50 Percent Still Experiencing Negative Impacts of COVID-19

SUNNYVALE, Calif., June 29, 2021 /PRNewswire/ — Yahoo Small Business, a division of Verizon Business, today released the findings of the Yahoo Small Business 2021 Microbusiness Outlook Report, a new survey exploring the state of microbusinesses (businesses with five or fewer employees) in the U.S. and their outlook as they emerge from the COVID-19 pandemic. A highlight of the findings are as follows:  50% of microbusiness owners continue to struggle with the economic impacts of COVID…. Source link

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Yahoo Small Business Finds Only 38 Percent of Microbusiness Owners Received Government Aid During the Pandemic, with 50 Percent Still Experiencing Negative Impacts of COVID-19

Amid lack of government assistance, 85 percent of microbusiness owners relied on community support for survival, but despite challenges, 95 percent are optimistic about 2021 SUNNYVALE, Calif., June 29, 2021 /PRNewswire/ — Yahoo Small Business, a division of Verizon Business, today released the findings of the Yahoo Small Business 2021 Microbusiness Outlook Report, a new survey exploring the state of microbusinesses (businesses with five or fewer employees) in the U.S. and their outlook as… Source link

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Lakers minority owner selling 27 percent stake

More than a quarter of the Los Angeles Lakers is about to have a new owner. Billionaire Philip Anschutz has reached an agreement to sell his 27 percent minority stake in the Lakers to an unknown buyer, according to Sportico’s Scott Soshnick and Eben Novy-Williams. The sale has reportedly not been approved by the NBA Board of Governors. The exact price tag of the deal is also unknown, but it is definitely going to be significant. The Lakers were estimated to be worth $4.6 billion by Forbes this… Source link

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