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GOOGL

Alphabet Inc. Nasdaq Global Select
$1,911.28
Open: $1,909.01 High: $1,926.52 Low: $1,859.16 Close: $1,909.645
Range: 2021-01-25 - 2021-01-26
Volume: 3,346,475
Market: Open
Powered by Finage Stock APIDelayed data
GOOGL
Alphabet Inc. 1600 Amphitheatre Parkway Mountain View CA, 94043 https://www.abc.xyz
Alphabet Inc is a provider of internet content products and portals. Its suite of brands includes Search, Android, YouTube, Apps, Maps & Ads.
  • CEO: Larry Page
  • Employees: 94,372
  • Sector: Technology
  • Industry: Online Media
GOOGL News
Latest news about the GOOGL
  • Stocks slightly higher as investors eye Q4 earnings

    Jimmy Lee, The Wealth Consulting Group CEO, joins Yahoo Finance's Kristin Myers to break down the latest market action as earnings season continues.

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  • Google open sources Tilt Brush VR software as it shuts down internal development

    As Facebook and Apple begin to fire up more projects in the AR/VR world, Google has spent the last year shutting down most of their existing projects in that space. Today, the folks at Google announced they had ended active development of Tilt Brush, a VR painting app that was one of virtual reality's early hit pieces of software. While the company will not be pushing any new updates to the app, they did announce that they will be open sourcing the code on github for developers to build their own experiences and customizations.

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  • Downdetector reports outages at multiple services

    Yahoo Finance’s Dan Howley breaks down the companies facing outages today.

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  • Markets continue to flitter between stimulus hope and COVID concerns: strategist

    AlphaSimplex Portfolio Manager and Chief Research Strategist Kathryn Kaminski joins Yahoo Finance Live to break down how markets are faring amid pandemic and this weeks earnings haul.

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  • North Korean Hackers Targeting Cybersecurity Researchers

    (Bloomberg) -- Hackers from North Korea have embarked on a sweeping intelligence gathering campaign aimed at cybersecurity researchers who hunt for vulnerabilities in corporate networks, according to Google.The North Korean government mounted a social engineering operation for several months in hopes of engaging with the researchers, according to Google. Essential to the attack were several research blogs, YouTube videos, LinkedIn profiles and chat groups used by the hackers to build credibility in the hopes of duping the researchers, according to a Monday blog post by Google’s Threat Analysis Group.“After establishing initial communications, the actors would ask the targeted researcher if they wanted to collaborate on vulnerability research together,” reads the blog.The request to collaborate came with a data file purportedly for research that was equipped with secret malware. If the researcher opened the file, the hidden malicious code would immediately begin communicating with the North Korean hackers, according to Google.In other cases, the malware was installed in the researchers’ systems after they followed a Twitter link to a cybersecurity blog to review possible vulnerabilities, according to Alphabet Inc.’s Google.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

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  • Google Pressed in Lawsuit to Dump Telegram Just Like Parler

    (Bloomberg) -- A former U.S. ambassador wants Google to do to Telegram what it did to Parler.Marc Ginsberg sued the Alphabet Inc. unit Monday, asking a California court to require it to remove the Telegram Messenger app from the Google Play Store because it facilitates violence, extremism and anti-Semitism.Telegram, especially in the wake of George Floyd’s killing and the inauguration of Joe Biden as president, has been used to threaten, encourage and coordinate racist violence, claims Ginsberg, who was Bill Clinton’s ambassador to Morocco. He pointed out that, after the Jan. 6 riot at the U.S. Capitol, Google suspended Parler from its app store because a number of its right-wing users expressed support for the siege and further violence.“Google has not taken any action against Telegram comparable to the action it has taken against Parler to compel Telegram to improve its content moderation policies,” Ginsberg’s suit says. He filed a similar complaint on Jan. 17 against Apple Inc., which had also pulled Parler from its app store after the riot.Pavel Durov, Telegram’s founder, said last week that the company’s moderators had removed hundreds of posts in the wake of the Capitol riot and that calls for violence wouldn’t be tolerated.“Telegram employs a robust moderation system,” the company said in a statement Tuesday. “As a part of the company’s longstanding commitment to anti-terrorism and combating abuse, Telegram collaborates with industry leaders, governments and policymakers worldwide by providing daily transparency reports,” as well as through the use of both automated and manual content monitoring. Google didn’t respond to an emailed request for comment.‘Parler Refugees’Amazon.com Inc. cited its own concerns about violent content on Parler in pulling the plug on the platform’s web-hosting service. The actions taken against Parler, as well the banning of former President Donald Trump and others from Twitter Inc. and Facebook Inc. have spurred a wide-ranging debate over the tech industry’s control and responsibilities over speech.A channel on Telegram is dedicated to “Parler refugees.” Some Telegram users urged followers to drop plans for a second protest in Washington in support of Trump in favor of surprise attacks nationwide, according to the lawsuit.The suit also accuses Telegram of serving as a platform for the sale of illegal and controlled substances, including LSD and cocaine.Ginsberg, who is Jewish and was raised in Israel, says in the lawsuit that he was the target of two assassination attempts due to his religious beliefs. His Coalition for a Safer Web, also listed as a plaintiff in the lawsuit, says it pushes social media platforms to end their tolerance of anti-Semitism and enabling of extremist groups.Read More: Telegram CEO Says App to Start Generating Revenue Next Year(Updates with statement by Telegram in sixth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

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  • Massive internet outage hits U.S. East Coast taking down Gmail, Slack, and Amazon AWS

    Large swaths of the internet were down on Tuesday afternoon, as outages hit everything from Google's Gmail to Slack.

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  • Alphabet (GOOGL) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

    Alphabet (GOOGL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

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  • Alphabet’s (GOOG) Google, Ranked as the 4th Most Downloaded Productivity App

    Avory & Co, an investment management firm, published its fourth-quarter 2020 Investor Letter – a copy of which can be downloaded here. In the letter, the firm talked about the key themes they formulated for 2021 and the coming years, through automation, interactive entertainment, digital work, commerce evolution, financial revolution, and a lot more. You […]

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  • Steve Case on the innovation economy in 2021

    Revolution CEO (and former AOL CEO) Steve Case joins Yahoo Finance Live to discuss the platform’s “Rise of the Rest” 2021 playbook — which aims to spotlight promising startups outside of the coastal tech hubs — as well as the current state of big tech, his thoughts on Section 230, and more. 

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  • Google's BeyondCorp Enterprise security platform is now generally available

    Google today announced that BeyondCorp Enterprise, the zero trust security platform modeled after how Google itself keeps its network safe without relying on a VPN, is now generally available. Google describes it as "a zero trust solution that enables secure access with integrated threat and data protection." Over the course of the last few years, Google -- and especially its Cloud unit -- has evangelized the zero trust model and built a large partner network around this idea.

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  • Has Alphabet (GOOG) Outpaced Other Computer and Technology Stocks This Year?

    Is (GOOG) Outperforming Other Computer and Technology Stocks This Year?

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  • Is FB Stock A Buy? Facebook Earnings Should Rock, But One Number Is Key

    Facebook business has been on a roll, but political turmoil in 2021 adds to threats from antitrust suits and Apple. Is FB stock a buy?

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  • Macron Tells Google and Microsoft to Get On Board With EU Rules

    (Bloomberg) -- French President Emmanuel Macron warned some of the tech industry’s biggest players they need to get on board with European Union efforts to moderate online content and constrain their market power.During a call with Microsoft Corp. CEO Satya Nadella and Sundar Pichai of Alphabet Inc. on Monday, Macron told the executives any unfair practices will be seen as an attack on European democracy, according to an account of the conversation from one of the president’s aides. Spokespeople for the companies in Paris did not immediately respond to emails seeking comment.France has been a key mover in shaping EU efforts to prevent the spread of hate speech and disinformation online and at curbing the power of tech giants. The European Commission in December proposed two sets of rules, the Digital Services Act and the Digital Markets Act, which are being reviewed by the European Parliament and the member states before they become law.Under the Digital Services Act, very large platforms like Microsoft and Google could face fines as high as 6% of global revenue if they don’t comply with orders to remove illegal content. They will need to carry out assessments identifying systemic risks, including how their services may be manipulated by inauthentic accounts and could impact elections. The Digital Markets Act will ban powerful companies deemed “gatekeepers” from favoring their own products or else face billion-dollar fines. In extreme cases, they could even be ordered to break up their European businesses.“We need to contain this immense power of the big digital companies,” European Commission President Ursula von der Leyen said in a virtual address at the World Economic Forum on Tuesday. “We want the platforms to be transparent about how their algorithms work because we cannot accept that decisions that have a far-reaching impact on our democracy are taken by computer programs alone.”Read More: Tech Giants Risk Breakup Under Strict EU Digital Rules EU officials have rallied around the bloc’s plans to curb hate speech and disinformation in recent weeks following the attacks on the U.S. Congress. Facebook Inc., Twitter Inc. and Snap Inc. banned the accounts of former U.S. President Donald Trump for posts they said encouraged the violent rioters who stormed the Capitol building and spread false information about the country’s November election.European leaders including German Chancellor Angela Merkel have warned of the dangers of letting private companies take such decisions and insisted on the need for regulation, particularly on matters of speech.French lawmakers are working on provisions that would implement the DSA regime in France before it enters into force at EU-level. The provisions are likely to be added to Macron’s flagship law on “separatism” and “republican principles” which is under review at the National Assembly. The bill was presented after the gruesome killing of a teacher, Samuel Paty, by a Jihadist after he had been criticized in a video online.The French Constitutional Court has previously struck down a government-backed provision to fight hate speech that would have forced platforms to remove obviously illegal content within 24 hours of being notified.Pichai, who is CEO of Alphabet’s Google unit, spoke with EU digital czar Margrethe Vestager Monday to discuss ongoing competition cases and digital legislation.Macron also set out his red lines on cloud computing in his call with the two executives, the aide said. Microsoft and Google have both joined consortia with European partners that aim to provide cloud-computing services to clients in the EU. Macron told them that he could only accept the involvement of companies from outside the EU if they were fully compliant with European law and data protection issues, the aide said.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

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  • Covid vaccine site locations to be added to Google Maps

    CEO Sundar Pichai says vaccine roll out is ‘one of the most important problems we’ll solve in our lifetimes’

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  • Alphabet (GOOGL) Winds Up Internet Balloon Company Loon

    Alphabet (Google) plans to shut down Internet balloon company, Loon.

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  • YouTube CEO Talks Up Economic Benefits Amid Regulatory Scrutiny

    (Bloomberg) -- YouTube Chief Executive Officer Susan Wojcicki highlighted the video service’s economic contributions in the midst of regulatory scrutiny over its market power and handling of misinformation.The world’s largest video site, owned by Alphabet Inc.’s Google, has paid more than $30 billion to content creators, artists and media companies in the last three years, Wojcicki wrote in a letter published on Tuesday. YouTube’s ecosystem contributed about $16 billion to U.S. gross domestic product in 2019, supporting the equivalent of 345,000 full time jobs, she added, citing an Oxford Economics report.“We’re focused on delivering on our key priorities: growing the creator economy, living up to our responsibilities, helping people learn new skills, and building for the future of YouTube,” Wojcicki wrote. “We’re also committed to working with governments around the world as we face increasingly complicated regulatory issues.” The company is working to make sure policy makers understand how their decisions impact YouTube’s creators, she added.Corporations facing rising regulatory pressure often highlight positive contributions, such as job creation and economic growth, that politicians may be overlooking. In June, consulting firm Analysis Group published research showing Apple Inc.’s App Store facilitated sales of $519 billion in 2019. The study was supported by Apple. The following day, the European Union launched an antitrust investigation of the App Store.Google is the target of several antitrust cases in the U.S., while YouTube has faced mounting scrutiny for its role in spreading misinformation. A group of Democratic senators recently wrote a letter to YouTube and other internet companies asking them to do more to combat Covid-19 misinformation.Wojcicki said Tuesday the company has removed more than 500,000 videos making false claims about the coronavirus since February, and it continues to refresh its policies to keep up to date with the science.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

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  • My Best E-Commerce Stock for 2021

    Let's examine the four top reasons to buy Amazon, even after its stock price has rallied more than 450% over the past five years. Amazon generates most of its revenue from its online marketplaces, but most of its profits come from Amazon Web Services (AWS), the world's largest cloud infrastructure platform.

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  • College Dropout Becomes Billionaire With Chinese Gaming Platform

    (Bloomberg) -- When China’s two big mobile powers clashed publicly on New Year’s Eve, the stock of a little-known gaming company surged the most ever, minting a new billionaire in 38-year-old maverick entrepreneur Huang Yimeng.Shares in his indie game distributor XD Inc. rose 24% on the first trading day of 2021 after Huawei Technologies Co. temporarily removed all Tencent Holdings Ltd. games from its app store in a dispute over their revenue split. Investors flocked to the ByteDance Ltd.-backed creator of TapTap -- a Steam-like download service for games that bypasses the dominant app stores -- on the sign of schism between China’s big two.The rare incident brought to the fore simmering resentment against the 50% cut that app stores like Huawei’s charge developers and highlighted the key attraction of TapTap: it is ad-supported and thus free to use for both players and publishers.Now Huang, inspired by Epic Games Inc.’s fight against Alphabet Inc.’s Google and Apple Inc.’s platform fees, hopes to ride that upswell of rebellion and challenge the status quo in the $30 billion Chinese mobile games arena. Already counting blockbuster hits like Genshin Impact on its platform, XD is working to lure more developers disillusioned with the tight grip on game development and distribution enjoyed by Tencent and hardware vendors like Huawei and Xiaomi Corp., which make their app stores the default on every phone they sell.“More and more creators will come out and say ‘no’ to traditional distribution channels because they don’t need to pay them for selling good content,” the six-foot-one XD co-founder and chief executive officer said in an interview. “The danger of companies using hardware to trap users inside their ecosystems is something we should be looking at from an anti-monopoly standpoint.”Why Apple’s Fees Have iPhone App-Makers Up in Arms: QuickTakeHuang isn’t all talk. One of 2020’s biggest mobile hits, Pascal’s Wager, picked TapTap as its exclusive Android distribution partner in China. The thematically dark action role-player, created by Giant Network Group Co. unit TipWorks, has sold more than 1.05 million copies globally, according to the studio’s founder Yang Yang. TapTap generated half of those sales and the rest came from the iOS App Store and Google Play, said Yang, who first showcased the game during Apple’s iPhone 11 event in 2019.“The timing was perfect in that our game met with TapTap’s rapid growth,” Yang said. “If someone wants to work with you without even making money, that means they really care about your product. Their way of game publishing is disruptive.”TapTap’s rise is aided by a growing -- and global -- government and consumer backlash against the handful of mobile giants that control the app economy. It coincides with a Chinese crackdown intended to rein in its most powerful internet corporations from Tencent to Alibaba Group Holding Ltd. Regulators have yet to address gaming platforms, but the 50% rule set by Chinese Android stores -- which makes Apple and Google’s 30% levies look like a bargain -- is fueling discontent among game studios, big and small.Read more: Going After Big Tech Is One Thing Global Leaders Agree OnFor months, Tencent had sought a bigger cut of sales through Huawei’s app store in marquee titles like Honor of Kings, but the two companies failed to agree a deal, according to a person with knowledge of the matter. On Dec. 31, Huawei removed Tencent games from its app store only to restore them hours later. Tencent said the next day that the two sides had reached an agreement, without providing details.Against that backdrop, TapTap users grew 52% in the first half of last year. XD’s stock has risen roughly 470% since listing in Hong Kong at the end of 2019, pushing its market capitalization north of $3.7 billion and the value of Huang’s 35% stake to about $1.3 billion.XD is one of the few up-and-comers in China’s games industry that hasn’t relied on Tencent’s patronage. It’s attracted powerful backers like ByteDance -- the Tencent nemesis behind TikTok and Douyin that’s developing its own interest in gaming -- as cornerstone investors for its initial public offering. Fellow Shanghai startups Lilith Games and Genshin creator miHoYo are also among its investors, though Huang and his co-founders maintain the controlling stakes and voting rights. That’s helped TapTap become a more neutral platform, where gamers look for both Tencent blockbusters and indie tiles.The CEO’s path was as unlikely as that of his company. Huang’s first entrepreneurial effort got him kicked out of college.A former semi-pro basketball player, his first business was a peer-to-peer download network called VeryCD that was quickly overrun with pirated content. In 2003, a sex tape circulating on the network that had been recorded on Huang’s university campus drew the ire of its governors, leading to his dismissal after refusing to remove the clip. He told his school back then that online platforms shouldn’t be responsible for policing content.“I didn’t regret my decision,” he said. “I’m lucky I left school early so I got more time to work on my website.”Huang found more success in making web games, enticing fans to splurge on weapons and power-ups for their warriors and sorcerers. As China’s internet use shifted from desktop to mobile, he realized there wasn’t a Steam-style community dedicated to smartphone gamers. TapTap was born in 2016 and has been free to use from the outset.Outside of China, Fortnite maker Epic Games launched its PC games store in 2018 to challenge Steam by offering a 12% revenue split with developers rather than 30%. XD’s strategy mirrors Epic’s: its in-house games attract users to the store and the store lends more exposure to its games. For now, Huang’s company still generates the bulk of revenue from selling virtual items in games it develops or publishes. Ad sales through TapTap accounted for less than a fifth of XD’s $205 million revenue in the first six months of 2020. Huang expects TapTap to contribute a larger proportion as the platform continues to increase ad slots.“It’s about time for Huawei and its peers to make changes,” said Chundi Zhang, a gaming analyst with Ampere Analysis. “But if the big guys do cut their fees, it will be TapTap’s turn to be threatened. This is a game of checks and balances.”(Updates with share price move in 10th paragraph; a previous version of this story corrected the sales figure of Pascal’s Wager in sixth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

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  • Sports Networks Are Losing Their Grip on Your Television

    Streaming television has resulted in a number of disruptions to the media landscape, and there's more fallout to come. The success of Disney+ has media companies scrambling to offer their own services, flooding the streaming market. This is on top of Netflix (NASDAQ: NFLX) and Hulu, which is majority owned by Disney (NYSE: DIS).

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