The five investigations concern potential breaches by Alphabet Inc’s (GOOG), which owns Google, Apple Inc. (AAPL), and Meta Platforms, Inc. (META). Instigating these probes only two weeks after the DMA’s deadline shows the European Union (EU) is taking the legislation and gatekeeper compliance seriously. The law came into effect on 7 March 2024. It requires…
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PayPal CEO says ‘no going back’ from pandemic induced e-commerce surge Boeing’s earnings report appeared to take airline stocks down with it yesterday, as American Airlines and United Airlines both sank by around 3% on a day where the broader market soared. The Nasdaq Composite was up 1.4%, helped higher by names including AMD, PayPal…
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All three major US stock indices posted a negative day yesterday, with the tech heavy Nasdaq Composite falling furthest at -1.4%, although the index is down just 4.1% year-to-date. Information technology stocks were among the day's biggest losers, with the IT sector of the S&P 500 falling 1.4%, driven by a 2.4% decline in software…
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The cofounders of Google, Larry Page and Sergey Brin, have just announced that they will be stepping down from their roles in Alphabet. The current CEO of Google, Sundar Pichai, will now take over the mother company as well as the next CEO. Both Sergey and Larry will remain shareholders and on the board of…
Read moreRich Miner has announced that he is leaving GV (formerly known as Google Ventures) to helm a Google education project. GV has not commented whether this project would be for-profit or not. Miner, who has also not given any details on the project yet, has shared in the past that it was too hard to…
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