alphabet

Bullying: India Slams $113m Fine On Google Parent Company

October 25, 2022 11:25 pm

Fresh reports reaching the desk of Africa Daily News, New York has revealed that India’s competition watchdog has finally imposed a fine of up to 9.36billion rupees ($113.4million) on the Google parent Alphabet.

The Competition Commission of India (CCI) has been described as the chief national competition regulator who had instigated the case.

Read Also: Russia Slams $360M Fine On Google Over Ukraine Content

The statutory body, which also goes under the Ministry of Corporate Affairs has also been deemed responsible for to be the ones enforcing the Competition Act, 2002 to promote competition.

Dpa had also reported that the …

Alphabet-Google Profit Up Despite Pandemic-Linked Ad Dive

April 28, 2020 6:26 pm

Google parent Alphabet on Tuesday reported higher profits and revenues in the first quarter even as a coronavirus-induced economic slump hit advertising in March.

Alphabet shares climbed three percent in after-hours trades following release of earnings figures that eased fears the pandemic would devastate digital ad revenue that is the internet firm’s income engine.

Alphabet reported a profit of $6.8 billion, up nearly three percent from last year, on revenue that grew 13 percent to $41 billion compared with the same quarter a year earlier.

The internet colossus said, however, that the pandemic’s impact began to hit online ads, its …

Google Owner Alphabet Is Now Worth $1 Trillion

January 17, 2020 5:20 am

New York The exclusive $1 trillion club on Wall Street just got a new member. Shares of Google parent company Alphabet hit a new all-time high Thursday, pushing the company’s market value to $1 trillion in the process.

Alphabet (GOOGL) joins Apple (AAPL) and Microsoft (MSFT) as companies worth at least $1 trillion. Apple is the most valuable company in the United States, with a market value of nearly $1.4 trillion. Microsoft is worth almost $1.3 trillion.

This is the first time that three American companies are worth at least $1 trillion at the

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