alphabet

Shares of large technology companies suffered heavy losses on Thursday, dragging down many other U.S. stocks along with them, after analysts at Bank of America lowered Apple's stock rating.Tech stocks have been pushed down all year as investors have rotated out of growth and flocked to more defensive assets to deal with higher interest rates and to get ahead of a possible recession.The tech-heavy Nasdaq Composite rose on Tuesday and Wednesday, but the buying came after the worst two weeks since the onset of the Covid…

Google said it is shutting down Stadia, which launched in 2019, because the videogame service didn’t have enough users.  “While Stadia’s approach to streaming games for consumers was built on a strong technology foundation, it hasn’t gained the traction with users that we expected,” Phil Harrison, Stadia’s vice president and general manager, said in a blog post. The idea behind Stadia was that users could stream games directly to devices, like…

Alphabet’s Google has launched a campaign last month called #GetTheMessage. This campaign aims to convince…

The little aircraft appeared out of the blue sky above a Texas home, deposited its payload of a mid-morning snack in the yard and zoomed off, as deliveries by drone start becoming a reality in America.Flying shipments of pizzas and birthday gifts have still not become the norm that tech leaders predicted, but the service is available in parts of the United States and government regulation is catching up. Skeptics question whether drone drop-offs can ever work on a large scale, but backers argue they are safer and better…

Alphabet unit Google rebuffed a push by European telecoms operators to get Big Tech to help fund network costs, saying it was a 10-year-old idea that was bad for consumers and that the company was already investing millions in internet infrastructure. The comments by Matt Brittin, president of EMEA business & operations at Google, come as the European Commission said it would seek feedback from the telecoms and tech industries on the issue in the coming months before making any legislative proposal. Deutsche Telekom,…

It’s easy to tell workers that fun doesn’t have to cost money when you have lots of money, I dare say.Photo: Jerod Harris (Getty Images)Google CEO Sundar Pichai, who leads one of the world’s richest companies, very likely does not want to talk about money to his employees while the Big Tech giant is in the midst of cutting costs and slowing hiring. But, since employees asked, he wants them to do one thing: stop equating “fun” with “money.” Pichai’s comments, made during an all-hands meeting with the entire company earlier…

Facebook's parent company Meta and Google are reducing staff to cut costs amid the economic downturn, apparently putting some of them on traditional 30 to 60 days "lists" to find a new role within the company or leave.Meta plans to cut costs by at least 10 per cent in the coming months and has put out more and more workers whose jobs are being eliminated on its traditional "30-day list," reports Wall Street Journal.On the other hand, Google's parent Alphabet has reportedly deployed a similar approach, typically giving…

The U.K.’s Office of Communications is probing the market positions of Amazon. AMZN -1.73% com Inc., Microsoft Corp. MSFT 0.42% and Alphabet Inc.’s GOOG 0.57% Google in the coming weeks as part of a study into the country’s cloud-infrastructure-services sector. The regulator said the three firms account for around 81% of the revenue…

Meta Platforms Inc. META -2.72% is planning to cut expenses by at least 10% in the coming months, in part through staff reductions, as the social-media giant confronts stalling growth and increased competition, according to people familiar with the company’s plans.The Menlo Park, Calif., company has begun quietly nudging out a significant number of staffers by reorganizing departments and giving affected employees a limited window to apply for other roles within the…

In response to stalling growth and intense competition, Meta META -0.18% Platforms Inc. executives have spoken of cost cuts, hiring freezes and “ruthless prioritization.” One word the company hasn’t used: layoffs.But Meta has begun quietly nudging out a significant number of staffers by reorganizing departments and giving affected employees a limited window to apply for other roles within the company, according to current and former managers familiar with the matter, in…