|Bid||1,518.02 x 1400|
|Ask||1,521.96 x 1100|
|Day's range||1,507.34 - 1,520.74|
|52-week range||1,025.00 - 1,529.63|
|Beta (5Y monthly)||1.04|
|PE ratio (TTM)||30.93|
|Forward dividend & yield||N/A (N/A)|
|1y target est||1,616.37|
It's suspiciously convenient that Facebook already fulfills most of the regulatory requirements it's asking governments to lay on the rest of the tech industry. Facebook CEO Mark Zuckerberg is in Brussels lobbying the European Union's regulators as they form new laws to govern artificial intelligence, content moderation and more. The idea was to strengthen privacy and weaken exploitative data collection that tech giants like Facebook and Google depend on for their business models.
Google said on Monday that it is winding down Google Station, a program that rolled out free Wi-Fi in more than 400 railway stations in India and "thousands" of other public places in several additional pockets of the world. Caesar Sengupta, VP of Payments and Next Billion Users at Google, said the program, launched in 2015, helped millions of users surf the internet -- a first for many -- and not worry about the amount of data they consumed.
Top stories covered here include Zuckerberg in Europe, EU stand on industrial data, Google talks with publishers and YouTube dumping the App Store.
With each passing quarter, Amazon, Microsoft and Google have been setting new records, while cloud computing has become the invisible backbone supporting much of our daily lives. The rising popularity of the cloud has gone hand-in-hand with that of 4G broadband technology and of smartphones: The combined power of the network and of servers makes it possible for us to listen to music, to watch videos, to work remotely, to post on social media or to request a ride and watch it arrive, in real time, on a smartphone map. Companies and individuals can buy not just cloud-based storage but also processing power, Internet services and software, all of it situated not in one's computer or smartphone but in huge data centers.
The U.S. government has never been a model of consistency but lately the inconsistencies—foolish and otherwise—emerging from Washington directed at the tech industry have become truly mind-blowing.
Earnings reports from NVIDIA and Cisco, a stay order on the JEDI contract, Facebook's app to compete with Pinterest and other stories are covered in this daily.
Google is in discussions on deals to pay media organizations for content, a move aimed at blunting criticism that it unfairly profits from copyrighted news, according to people familiar with the talks. Negotiations between the internet giant and news outlets were said to be in the early stages, with most of the publishers located in France and other parts of Europe. Paying for news would diverge from the Alphabet-owned internet titan's practice of freely mining the internet for material it displays in search results.
Yahoo Finance is maintaining a working list companies that have been affected by the outbreak, and are expected to feel the effects through the first half of the year.
Google on Friday attacked what it called an eye-catching 2.4 billion euro (£2 billion) EU antitrust fine, prompting a judge to ask how a rich company can miss a relatively paltry amount. The sparring underlines the battle ahead for the world’s most popular internet search engine, with two other challenges against EU antitrust enforcers to be heard in the coming months. The Alphabet unit argued that additional amounts tacked on to the fine imposed by the European Commission in 2017 to deter anti-competitive behaviour known as a deterrent multiplier and another multiplier factor was excessive and unwarranted.
Exploratory discussions with media groups including Le Monde and Le Figaro have touched on developing new products that would include financial deals to license news. Google has also talked to some US media groups about the plans, according to people familiar with the matter. “We want to help people find quality journalism — it’s important to informed democracy and helps support a sustainable news industry,” said Richard Gingras, vice-president for news at Google, who said the group was “talking with partners and looking at more ways to expand our ongoing work with publishers”.
The most concerning ads on social media are not necessarily false but rather those “posing as articles,” says Vivek Shah, who runs J2 Global, an advertising and media company that owns sites including Mashable, IGN, and PCMag.
A man described as a disgruntled former Waymo driver has been arrested on suspicion of deliberately crashing a passenger car into one of the company’s vans with self-driving capabilities near Phoenix, authorities said Thursday. Tempe police said Raymond Tang, 31, was booked into jail Wednesday night and is facing felony charges of aggravated assault and criminal damage, and misdemeanor counts of endangerment and reckless driving. The Arizona Republic reported in December that police in the Phoenix suburb of Chandler have documented at least 21 cases in the past two years involving Waymo vehicles, including one in which a man waved a gun at a Waymo van.
When Google announced that it was acquiring data analytics startup Looker for $2.6 billion, it was a big deal on a couple of levels. It was a lot of money and it represented the first large deal under the leadership of Thomas Kurian. Today, the company announced that deal has officially closed and Looker is part of the Google Cloud Platform.
With Google and Facebook yielding massive control over the online ad market, leaving only scraps for other ad platforms, perhaps it was only natural that tech startups would take a step back and start to look for opportunities in selling billboards. AdQuick, a marketplace for out of home (OOH) advertising, tells TechCrunch that it has closed a $6 million Series A led by Initialized Capital with participation from WndrCo, Shrug Capital, Work Life Ventures, The Todd & Rahul Angel Fund and rapper Nas.
A new project called GameSnacks is launching today from Google's in-house incubator, Area 120, with the goal of bringing fast-loading, casual online games to users in developing markets. Billions of people are coming online through mobile devices. Today, over half of mobile website visitors leave a page if it takes more than 3 seconds to load, but on low memory devices and 2G or 3G networks, a typical web game will load much more slowly -- even triple or quadruple that load time, or worse.
Big tech companies like Facebook and Google have elicited backlash from some media executives, who say the platforms reward sensational content. Vivek Shah, the chief executive at a fast-growing niche media brand, disagrees.
A court in Moscow fined Twitter and Facebook 4 million rubles each Thursday for refusing to store the personal data of Russian citizens on servers in Russia, the largest penalties imposed on Western technology companies under internet use laws. The fines of nearly $63,000 are the first five-figure fines levied on tech companies since Russia adopted a flurry of legislation starting in 2012 designed to tighten the government's grip on online activity. One provision required tech companies to keep servers in Russia for storing personal information they gather from Russian citizens.
With its new $75 million investment from Sirius XM, SoundCloud says it's focused on being more of a "social music experience" than competing directly with the likes of Apple Music.
Google's battle against a $2.6 billion EU antitrust fine was dealt an apparent setback on Thursday, when one of the judges hearing the case said the company had committed a "clear infraction" in its handling of price-comparison shopping services. The comments by Colm Mac Eochaidh, one of the panel of five judges, came on day two of a three-day hearing at Europe's General Court - its second highest - as Google seeks to overturn the first of a trio of EU antitrust penalties. In its 2017 decision to impose a 2.4-billion-euro (£2.01 billion) fine, the European Commission said the world's biggest internet search engine unfairly favoured its own price-comparison shopping service over smaller European rivals.
Google announced the cash deal in June, the first major acquisition for its new cloud business Chief Executive Officer Thomas Kurian. The deal aims to build upon the success of Google Cloud's BigQuery, a tool for managing large datasets. Looker's tool enables analysts and other workers to define calculations for items such as revenue or high-value customers and then visualize trends in their data without writing complicated scripts.
Google is reportedly in talks with select publishers to pay for their news content. The Wall Street Journal reported Friday that most of the publishers are outside the U.S. - including some in France and Europe and that the talks center around Google paying licensing fees for content that would be packaged in a news product. Google's Vice President of News on Friday responded to the report by releasing a statement, saying the company is in talks with its partners and looking at more ways to expand its ongoing work with publishers. While talks are in the early-stage, according to the Journal, and it's not yet clear whether agreements will be reached, such a deal would mark a shift in the search giant's relationship with the news media. While Google sends traffic to news websites by featuring their stories on its feed, it doesn't pay publishers a licensing fee for the content that appears. The tech industry has been blamed for contributing to a decline in revenues at traditional news organizations but there are signs Silicon Valley is looking to rectify that. Last year, Facebook announced it will pay news media for content and for the first time put all professional news articles in a dedicated place on its app. And Apple launched Apple News+, a paid subscription service, in partnership with major news organizations.
Google and the European Union have wrapped three days of court appeals as the tech giant attempts to overturn $2.6 billion in fines from alleged antitrust breaches. Google has called for Europe's second highest court to throw out it out. A lawyer for the company said the amount may be "an eye-catching amount, it might attract headlines, but it is not justified by the actual facts of this case." The Alphabet unit also argued that additional amounts tacked on to the fine imposed by the European Commission in 2017 in an effort to deter anti-competitive behavior were excessive and unwarranted. They believe existing case law shows that Google's behavior was not anti-competitive while its market shares -- and the 13 countries where the infringement was committed did not justify the size the penalty. A ruling is expected next year and can be appealed to Europe's highest court-- the Court of Justice.