Alphabet’s Google will pay about $400 million (nearly Rs. 3,200 crore) to settle a complaint brought by a group of states over allegations the search and advertising giant illegally tracked users’ locations, two people familiar with the matter said. The announcement will come as early as Monday, the sources said….
Telecom operators are pushing the European Union to implement new laws that would make Big Tech pay for network costs, following Australia’s example, according to four sources close to the matter. Europe’s telecoms operators have lobbied for a financial contribution from US tech firms such as Alphabet‘s Google, Meta‘s Facebook and…
Summertime revenue growth at Google’s corporate parent slipped to its slowest pace since the pandemic jarred the economy more than two years ago, with advertisers clamping down on spending and bracing for a potential recession. Alphabet, which owns an array of smaller technology companies in addition to Google, on Tuesday…
Shares of Snap sank about 25 percent before the bell on Friday, after the owner of photo messaging app Snapchat forecast zero revenue growth for the current quarter, triggering a slide in other social media stocks dependent on advertising revenue. YouTube-parent Alphabet, Facebook-parent Meta Platform, Pinterest and Twitter all slid…
Alphabet unit Google could face antitrust charges next year over its digital advertising business, with EU regulators frustrated over the slow pace of settlement talks with the company, people familiar with the matter said on Thursday. Google‘s ad business is Alphabet‘s biggest moneymaker, accounting for about 80 percent of annual…
Alphabet’s YouTube is planning to launch an online store for streaming video services, the Wall Street Journal reported on Friday. The company has renewed talks with entertainment companies about participating in the platform, which it is referring to internally as a “channel store”, the report said, citing people close to…
Alphabet’s Google was sued by an early adopter of its Workplace cloud productivity software who claims the company reneged on a promise to provide it with free access to the program for life.Google Workplace, formerly known as Google Apps and G Suite, provides a host of services including Gmail, Calendar,…
US congressional leader on antitrust, Senator Amy Klobuchar, on Tuesday called for Congress to pass a bill to rein in Big Tech, as prospects of it becoming law seemed to be dimming. Supporters have been pressing Senate Majority Leader Chuck Schumer to schedule a vote on the bill that would…
Russian lawmakers on Tuesday approved a bill providing for stricter penalties for foreign internet companies that fail to open an office in Russia, including fines. Moscow has long sought to exert greater control over technology firms, and disputes over content and data have intensified since it sent armed forces into…
The technology industry in the United States is bracing for the uncomfortable possibility of having to hand over pregnancy-related data to law enforcement, in the wake of the US Supreme Court’s decision on Friday to overturn the Roe vs Wade precedent that for decades guaranteed a woman’s constitutional right to…
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