Google found to hold illegal ad tech monopolies
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
Meta Platforms enjoys stock surge after smashing Q1 earnings expectations
Meta Platforms (META) stock experienced a 14% surge on Thursday after the company’s Q1 results, released late Wednesday, exceeded expectations. The company also raised its forecast for the current quarter while lowering its expense outlook. Trading at $239, shares of the Facebook and Instagram parent company reached their highest levels......
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......