Alphabet misses expectations on Google ad revenue, sending stock lower

Alphabet misses expectations on Google ad revenue, sending stock lower

Google parent company Alphabet (GOOG, GOOGL) reported its fourth quarter earnings after the bell on Tuesday, missing analysts’ expectations on ad revenue, the heart of the tech giant’s business. The stock slid 4% lower in extended trading. Revenue, excluding traffic acquisition costs for the third quarter, was $72 billion versus expectations of nearly $71 billion. …

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Google earnings show profit up as Alphabet cuts costs, invests in AI

Google earnings show profit up as Alphabet cuts costs, invests in AI

Alphabet CEO Sundar Pichai touts company’s AI ambitions on a Tuesday call with investors.Image: Denis Balibouse (Reuters) Despite Alphabet, the parent company of Google and YouTube, reporting strong quarterly revenue and profit on Tuesday, the search engine and online ad giant remains focused on cutting costs. How to find a new job and make more …

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Google CEO says job cuts needed in 2024 to serve ‘ambitious goals’

Google CEO says job cuts needed in 2024 to serve ‘ambitious goals’

Sundar Pichai, CEO of Google and Alphabet, speaks on artificial intelligence during a Bruegel think tank conference in Brussels, Belgium, on Jan. 20, 2020. Yves Herman | Reuters Google CEO Sundar Pichai is warning employees that more job cuts are coming this year as the company continues to shift investments toward areas like artificial intelligence. …

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Google to let go of 30,000 employees due to new AI innovation? Here’s what report suggests

Google to let go of 30,000 employees due to new AI innovation? Here’s what report suggests

Search giant Google is planning to reorganise a large part of its 30,000-strong ad sales unit as a result of the company’s recent advances in artificial intelligence, according to a report by The Information. Notably, Google laid off around 12,000 employees earlier this year, making it the biggest job cut in the company’s history. According …

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US government vs Google: Biggest highlights from Google CEO Sundar Pichai’s 3-hour-long testimony in court

US government vs Google: Biggest highlights from Google CEO Sundar Pichai’s 3-hour-long testimony in court

The ongoing Google antitrust trial saw its most-high company executive testify on Monday (October 30). Google parent Alphabet CEO Sundar Pichai took to the witness box in the trial that is now almost 10-week long. The trial follows a 2020 antitrust claim over Google’s dominance in the online search market. Google claims that people use …

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Microsoft Edge: Google CEO Sundar Pichai takes a dig at Microsoft, here’s what he said

Microsoft Edge: Google CEO Sundar Pichai takes a dig at Microsoft, here’s what he said

Alphabet CEO Sundar Pichai testified in the US government’s antitrust trial against the company this week and during his testimony, he took a couple of swipes at Microsoft’s Internet Explorer (IE) browser. The company also questioned the Windows maker’s intent when it launched IE7 in 2005.Google Chrome was ‘dramatic improvement’While talking about Google Chrome, the …

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