U.S. court rules Google violated antitrust laws
Google has been found to hold illegal monopolies in ad tech, harming publishers and users, according to a U.S. federal court ruling....
Tag : Alphabet
Digital Markets Act enforcement pushes Google and Apple to react
The EU’s Digital Markets Act targets Google and Apple for alleged anti-competitive practices, sparking legal and geopolitical tensions....
Amazon-backed Anthropic sees $61.5B valuation surge
Amazon-backed Anthropic’s valuation soars to $61.5B after a $3.5B funding round, reinforcing its AI dominance....
Dow jumps 380 points as Wall Street celebrates Fed rate cut
Wall Street surged Thursday as investors embraced the Fed’s first rate cut in four years, with major indexes rising and tech stocks leading the charge....
Spotify will reduce its workforce by 6 percent
In an effort to prepare for a possible recession, music streaming company Spotify Technology announced on Monday that it is planning to lay off 6% of its employees. This is approximately 600 jobs, adding to the glut of layoffs in the technology sector. As part of a broader reorganization, Dawn......
Amazon Web Services awarded $700 million contract by U.S. Navy
Amazon Inc’s cloud computing division was awarded a $723.9 million enterprise software license contract by the United States Navy. With the deal, the Navy will be able to access Amazon Web Services’ (AWS) commercial cloud environment, Professional Services, and training and certification courses. As part of the Joint Warfighting Cloud......
Saudi wealth fund PIF purchases Alphabet, Zoom, and Microsoft shares
A broad selection of US stocks was purchased by Saudi Arabia’s Public Investment Fund (PIF), bringing its investment portfolio’s value to about $40.8 billion at the end of the second quarter. According to a US Securities and Exchange Commission filing, the PIF acquired 213,000 class A shares in Alphabet, 4.7......