Zomato has announced it will change its corporate name to Eternal Ltd, marking a major rebranding move aimed at reflecting its growth beyond food delivery. The company confirmed the decision in a regulatory filing on Thursday, stating that its board had approved the name change, though it still requires approval from shareholders and government authorities.
Shares of Amazon (AMZN) came under pressure following Alphabet's (GOOG, GOOGL) disappointing fourth quarter earnings report. This market concentration has heavily impacted the dominance of The Magnificent Seven components - the group of tech stocks comprised of Alphabet, Apple (AAPL), Nvidia (NVDA), Tesla (TSLA), Amazon (AMZN), and Meta Platforms (META), and Microsoft (MSFT).
Alphabet's Verily is selling its subsidiary, Granular Insurance Company, to Elevance Health. Verily launched Granular in 2020 with financial backing from the commercial insurance unit of the Swiss Re Group.
Google did not explicitly acknowledge the removal of its AI weaponry ban in its official communications.
Alphabet (NASDAQ: GOOG) recently released its Q4 results, with revenues missing and earnings exceeding the street estimates. It reported sales of $96.5 billion and earnings of $2.15 per share, compared to the consensus estimates of $96.6 billion and $2.13, respectively.
Alphabet Inc NASDAQ: GOOGL, the parent company of tech giant Google, has been on a remarkable upward trajectory over the past year, with its stock climbing as much as 40%. However, yesterday's 8% dip following the latest earnings report has caught the attention of savvy investors.
Google's advertising segment faces a weak growth outlook in FY25 as it comes off an election year, with some growth tailwinds cooling down. Despite being smaller in scale than Microsoft Azure, Google Cloud's revenue growth is slowing down to that of Azure. This raises concerns of potential market share pressures. I expect higher depreciation expenses from capex investments to pressure EBIT margins below 30% in FY25.
Want insight into the business prospects for a company? Pay attention to what its biggest customers are saying.
Google parent company Alphabet has stopped making diversity and inclusion a workplace priority, according to a filing Wednesday with US regulators.
Google has scrapped its diversity, equity, and inclusion (DEI) recruitment targets, becoming the latest major U.S. company to scale back such initiatives.
Note: The following is an excerpt from this week's Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>
Note: The following is an excerpt from this week's Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>