The FTC has a new chair, and she's got a tough job ahead of her when dealing with anti-competitive cases. Experts say she will be impartial to all companies, including Google, but the tech giant will have specific things it needs to now watch out for.
Alphabet, Google's parent company, put out its third quarter earnings and not only did they rebound from its first-ever revenue decline in Q2, it beat earnings expectations and showed strong ad revenue growth despite the harsh conditions of a pandemic-stricken economy.
Following sexual misconduct reports from 2018, Google has settled a shareholder lawsuit and announced major changes to how the company operates in these regards — including no severance packages for employees fired over sexual misconduct.
A day after congressional antitrust hearings began, Alphabet released its earnings report for Q2 2020. While the company beat its own projections and still earned a ton of money, it did experience its first quarterly decline in its history.
Alphabet's first quarter earnings are in, and Google's parent company posted another slate of relatively strong numbers. Revenue came in at over $41 billion, up 13% year over year, while net income was $6.8 billion, also up about 2.6% year over year.
Google today announced that it would be investing $10 billion in new offices and data centers around the U.S. in places including Colorado, Georgia, Massachusetts, Nebraska, New York, Oklahoma, Ohio, Pennsylvania, Texas, Washington, and California.
Google/Alphabet's Q4 2019 earnings report is out. While overall revenue did miss analyst predictions, this report marks the first time Google has disclosed how much it makes from YouTube and Google Cloud.
Alphabet, the parent company of Google, has hit a market capitalization value of $1 trillion according to CNBC. The company is the fourth U.S. company worth $1 trillion. The milestone comes more than a month after the founders announced they would be stepping down.