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.
Alphabet (GOOG) is upgraded to Buy with a $322 price target, driven by robust Google Cloud growth and AI integration across platforms. Google Cloud backlog surged 46% sequentially, with margin-accretive revenue expansion highlighting economies of scale. Alphabet signed a major deal with Anthropic to deliver over 1 million TPUs as part of a multi-cloud strategy for the AI developer.
Alphabet delivered a stellar Q3, beating top- and bottom-line estimates, with Search and Cloud segments showing robust double-digit growth. GOOGL's advancements in AI, including Gemini and ad tools, are driving revenue growth and justifying increased capex to build out AI infrastructure. My LSTM neural network model projects a 20% upside to a $349 price target, supporting a continued BUY rating despite overbought technicals.
Turkish telecoms operator Turkcell signed an agreement with Google on Wednesday for strategic cooperation on cloud technologies, the company said in a notice.
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Alphabet's Google said on Tuesday that it will invest 5.5 billion euros ($6.41 billion) in Germany in the coming years in a push to expand its infrastructure and data centre capacity in Europe's largest economy.
There might be more glamorous members of the Magnificent Seven, but Google parent Alphabet (GOOGL) is delivering glamorous and magnificent returns in its own right this year. As of November 6, the internet search giant was higher by 51.42% YTD.