Warren Buffett's Berkshire Hathaway built a $4.3 billion stake in Alphabet last quarter. The billionaire investor's company published its third-quarter stock portfolio on Friday.
Warren Buffett's Berkshire Hathaway reveals new position in Alphabet
A German court has found that Google has abused its dominant market position in the price comparison sector and ruled that the company must pay a total of €572 million ($665.6 million) in damages to two German price comparison companies, according to a report by Reuters.
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Google must pay the German price comparison platform Idealo approximately 465 million euros ($542 million) in damages for market abuse, a Berlin court has ruled.
Google on Friday announced changes to its advertising services to avert the risk of a breakup, two months after Brussels hit the US giant with a massive fine.
Google will pay more than $40 million to support South African news media, many of them floundering in a digital age, the country's competition authority said Thursday.
The EU launched a fresh investigation into Google Thursday over suspicions the US giant is pushing down news outlets in search results, despite retaliation threats from US President Donald Trump.
South Africa's Competition Commission on Thursday unveiled a sweeping package of remedial measures from global tech platforms, including a 688 million rand ($40 million) media support package agreed with Google and YouTube, following a probe into market dominance.
Alphabet delivered stellar Q3 results, with strong growth in Google Cloud and Search, and robust overall fundamentals. GOOGL's aggressive CAPEX is justified by surging demand, especially in AI and cloud, with impressive backlog and expanding margins. Valuation has risen but remains attractive compared to IT sector peers; fundamentals support continued multiple expansion and upside potential.
Two unnamed officials told The Financial Times that the European Commission, the EU's antitrust watchdog, is preparing to launch a new investigation into Google's parent company, Alphabet.