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The Latest Breaking News from Alphabet Inc

Alphabet's Drone Delivery Unit Promotes CTO To CEO Role

Alphabet Inc's (NASDAQ:GOOG) (NASDAQ:GOOGL) Wing unit promoted its longtime CTO to the CEO role. Wing seeks to expand its drone delivery operations rapidly, including the Dallas suburbs. Adam Woodworth replaced James Ryan Burgess as the CEO, who stepped aside from most of his duties following a health issue. Burgess will remain an adviser…

Benzinga

Here's Why BofA Calls Roblox 'Category Leader' In The Emerging Metaverse Media Category

BofA analyst Omar Dessouky reinstated coverage of Roblox Corp (NYSE:RBLX) with a Buy rating and $84 price target, calling the company the "category leader" in the emerging "Metaverse" media category. The price target implies an upside of 20.8%. Roblox has no "old media" businesses to cannibalize and invests 100% of its resources exclusively towards leadership…

Benzinga

India Bans 54 Chinese Apps Including That From Sea, Alibaba, NetEase, Tencent

India's Ministry of Electronics and Information Technology has banned 54 apps it says are of Chinese origin, including Sea Ltd (NYSE:SE) marquee game Free Fire, Bloomberg reports. The apps banned include those belonging to Tencent Holdings Ltd (OTC:TCEHY), Alibaba Group Holding Ltd (NYSE:BABA), and NetEase Inc (NASDAQ:NTES), and are re-branded versions of apps already banned by India in 2020.…

Benzinga

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Google Faces Scrutiny From French, Russian Regulators: All You Need To Know

France's watchdog CNIL alleged Alphabet Inc's (NASDAQ: GOOG) (NASDAQ: GOOGL) Google Analytics of giving U.S. intelligence services access to French website users' data, Reuters reports. The regulator alleged the U.S. tech giant lacking sufficient measures to guarantee data privacy rights under European Union regulation when transferring data between Europe and the U.S. The French website…

Benzinga

YouTube Talks Metaverse, Blockchain Plans Firing Up Rivalry With Facebook

Alphabet Inc's (NASDAQ:GOOG) (NASDAQ:GOOGL) YouTube looks to start creating metaverse experiences on its video platform, beginning with gaming, amid increasing competition with ByteDance Inc's TikTok and Meta Platforms Inc's (NASDAQ:FB) Instagram. YouTube elaborated on its blockchain and metaverse plans for 2022, saying it could harness emerging technologies to cut fraud in the fast-growing digital art market and…

Benzinga

Facebook Parent Meta Falls Behind Nvidia

Meta Platforms Inc (NASDAQ:FB) continued its slide on February 8 and has now dropped so much in the past week that the company is worth less than chipmaker NVIDIA Corp (NASDAQ:NVDA), CNBC reports. Meta shares dropped 2.1% to close at $220.18 on Tuesday. The stock is down 35% this year and has reached its…

Benzinga

Here's How KeyBanc Views Meta, Snap

KeyBanc analyst Justin Patterson lowered the price target on Meta Platforms Inc (NASDAQ:FB) to $280 from $420 (16% upside) and kept an Overweight rating on the shares following quarterly results. The analyst notes measurement headwinds are clearly more significant than envisioned, and estimates reset materially. The positive is that Meta has historically managed these transitions before…

Benzinga

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Why Alphabet Shares Are Rising Today

Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) is trading higher Wednesday morning after the company reported its fourth-quarter financial results and announced a stock split.

Benzinga

US Big Tech Faces Heat In India Over Fake News

The Indian Ministry of Information and Broadcasting (I&B) strongly criticized Alphabet Inc's (NASDAQ: GOOG) (NASDAQ:

Benzinga

Are Google Q4 Results A 'Good Indication' On What's Coming With Facebook Earnings?

Loup Funds co-founder Gene Munster and managing partner Andrew Murphy turned talking heads on Alphabet Inc’s (NASDAQ: GOOGL) (NASDAQ: GOOG) fourth-quarter earnings.

Benzinga

Alphabet Q4 Earnings Takeaways: Revenue Beat, 20-For-1 Stock Split, Record Pixel Phone Sales

Alphabet Inc (NASDAQ: GOOG)(NASDAQ: GOOGL) reported fourth quarter and full fiscal year earnings after market close Tuesday. Here are the key details for investors.

Benzinga

Google Set To Supercharge Chromebooks With Powerful Gaming Features

Chrome OS — the operative system developed by Google's parent company Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) — is seeking to expand its targeted market segments even further with features aiming to enable

Benzinga

Dozens of US States Say Apple Stifles Competition; Back ‘Fortnite’ Maker

Apple Inc is stifling competition through its mobile app store, attorneys general for 34 US states and the District of Columbia said on Thursday, as they appealed against a ruling that let the iPhone maker continue some restrictive practices. While dozens of state attorneys general have filed recent antitrust lawsuits…

Asharq Al-Awsat

Google Vs. Facebook: Tech Giants Back Rival Mobile Phone Operators In India

Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL)-owned Google will invest up to $1 billion in India’s second largest telecom operator Bharti Airtel, two years after Mark Zucke

Benzinga

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Peering Into Alphabet Inc - Class C Capital Stock's Recent Short Interest

Alphabet Inc - Class C Capital Stock's (NASDAQ:GOOG) short percent of float has fallen 8.33% since last its last report. The company recently reported that it has 1.52 million shares sold short, which is 0.55% of all regular shares that are available for trading.

Benzinga

Stephanie Link Exits Amazon Position: Here's Why

Hightower Advisors' Stephanie Link cut Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) from her portfolio to kick off the new year and it seems she isn't done sending FAANG names to the guillotine.

Benzinga

YouTube To Explore NFT Features For Video Creators: Report

Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) YouTube is exploring adding nonfungible token features for its video creators, Bloomberg reports. Twitter Inc (NYSE:TWTR) began letting users post NFTs as profile photos, and Meta Platforms Inc (NASDAQ:FB) Instagram is working on a similar offering. YouTube CEO Susan Wojcicki told creators her company was looking to web3, an umbrella term for internet…

Benzinga

Nvidia Quietly Looks To Dump Its Arm Ambitions

NVIDIA Corp (NASDAQ:NVDA) is quietly preparing to abandon its purchase of Arm Ltd from SoftBank Group (OTC:SFTBY) (OTC:SFTBF) on bleak prospects of winning approval for the $40 billion chip deal, Bloomberg reports. Nvidia expressed pessimism to its partners regarding the deal's success. SoftBank, meanwhile, is stepping up preparations for an Arm initial public offering…

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Asharq Al-Awsat

Google Faces Lawsuits over Location-Tracking Practices from US States

Texas, Indiana and the District of Columbia sued Alphabet Inc's Google on Monday over what they called deceptive location-tracking practices that invade users´ privacy. "Google falsely led consumers to believe that changing their account and device settings would allow customers to protect their privacy and control what personal data the…

Benzinga

Snap Ramps Up International Expansion Capitalizing On Cleaner Image

Snap Inc (NYSE:SNAP) sped up its global expansion from Mexico to Japan through tie-ups with wireless carriers and highlighting its popular augmented reality features, Reuters reports. Snap remained largely unscathed by global governments and regulators and has developed a playbook for attracting users in new markets that plays up the appeal of…

Benzinga

Twitter Reorganizes Security Team: All You Need To Know

Twitter Inc (NYSE:TWTR) shook up the top ranks of its security team this week with the termination of the head of security and the exit of the chief information security officer, the New York Times reports. Peiter Zatko, the head of security, is no longer at the company. Rinki Sethi, the chief…

Benzinga

Peering Into Alphabet Inc - Class A's Recent Short Interest

Alphabet Inc - Class A's (NASDAQ:GOOGL) short percent of float has fallen 5.48% since last its last report. The company recently reported that it has 2.06 million shares sold short, which is 0.69% of all regular shares that are available for trading.

Benzinga

Google Ropes In Former PayPal Executive For Payments Division: Report

Alphabet Inc's (NASDAQ:GOOG) (NASDAQ:GOOGL) Google hired former PayPal Holdings Inc (NASDAQ: PYPL) executive Arnold Goldberg to run its payments division, Bloomberg reports. The hiring is a part of Google's broader strategy to team up with a broader range of financial services, including cryptocurrencies, the report quoted Bill Ready, Google's President of commerce. Ready, PayPal's former…

Benzinga

Here's Why BofA Remains Bullish On Alphabet

BofA analyst Justin Post raised the price target on Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) to $3,470 from $3,210 and reiterated a Buy rating on the shares. The price target implies an upside of 27%. The analyst expects deceleration in 2022 versus the 41% estimated search growth in 2021. However, he thinks Google is still early in…

Benzinga

Morgan Stanley Bumps Up Alphabet Price By 7.2%

Morgan Stanley analyst Brian Nowak raised the price target on Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) shares to $3,430 from $3,200 and reiterated an Overweight rating on the shares. The price target implies an upside of 25.8%. Nowak updated his models and rolled forward valuations among his Internet sector coverage. Heading into 2022, Nowak said he remains…

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