GOOG - Alphabet Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
1,226.01
-3.14 (-0.26%)
As of 10:23AM EDT. Market open.
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Previous Close1,229.15
Open1,227.51
Bid1,225.87 x 800
Ask1,226.52 x 800
Day's Range1,225.55 - 1,230.50
52 Week Range970.11 - 1,289.27
Volume190,708
Avg. Volume1,395,645
Market Cap850.365B
Beta (3Y Monthly)0.94
PE Ratio (TTM)24.75
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
Trade prices are not sourced from all markets
  • The highest-paying company in 2019? It's not Facebook or Google
    CBS News Videos

    The highest-paying company in 2019? It's not Facebook or Google

    Palo Alto Networks is a much smaller company, but its cybersecurity business is in demand with corporate customers increasingly at risk of breaches.

  • These are highest paying companies, according to Glassdoor
    Yahoo Finance

    These are highest paying companies, according to Glassdoor

    Glassdoor, an online job and recruiting site, has revealed the highest paying companies in 2019

  • Facebook, Google, and Twitter to address mass violence and extremism online at Senate hearing
    Yahoo Finance

    Facebook, Google, and Twitter to address mass violence and extremism online at Senate hearing

    On Wednesday, U.S. Senators are questioning officials from those three companies at a hearing on extremism online — the latest in a string of inquiries on Capitol Hill that focuses on Big Tech.

  • WeWork London Building Deals Falter Amid IPO Market Fallout
    Bloomberg

    WeWork London Building Deals Falter Amid IPO Market Fallout

    (Bloomberg) -- Deals for two major London buildings leased mostly to WeWork are on the ropes.Saudi Arabia-based Sidra Capital has pulled out of a 90 million-pound ($112 million) deal as the flexible-office giant’s planned initial public offering got an increasingly rocky reception from investors, according to people familiar with the matter, who asked not to be identified discussing private negotiations.Separately, talks have stalled on the sale of WeWork Waterloo, which the company describes as the largest co-working facility in the world, according to other people with knowledge of the negotiations. Singapore-based Bright Ruby Resources Pte Ltd. had agreed last month to buy it and an adjoining property leased to Royal Dutch Shell Plc for about 850 million pounds. It’s not clear what impact WeWork’s roller-coaster IPO has had on Bright Ruby’s appetite for the deal, the people said.We Co., which owns WeWork, pushed back its IPO this week to buy time to overcome concerns about its governance, slashed valuation and business prospects. The decision sent the company’s bonds plunging and added a sour note to a medley of high-profile, but frequently disappointing, IPOs this year. Shortly after the announcement, WeWork made a small round of job cuts in a New York City unit.Read more: WeWork’s Breakneck Growth Hits Resistance as Banks Get Cold FeetThe delay also comes at a critical time for major backer SoftBank Group Corp., which is trying to raise money for a successor to its Vision Fund. SoftBank’s biggest investors, including Saudi Arabia’s Public Investment Fund, are reconsidering how much to commit to the new vehicle as the Japanese conglomerate’s bet on WeWork sours.WeWork has lease obligations of $47 billion and continues to burn cash to fund its rapid expansion, putting pressure on the company to raise new capital. But the company’s model of signing long leases, then renting out short-term space to members, as well as its complex relationship with co-founder Adam Neumann, have polarized investors assessing the planned offering.Skate RampWeWork Waterloo, originally known as Two Southbank Place, is fully leased to WeWork and boasts a skate ramp, retro arcade games and a library in its cavernous lobby. Negotiations on a sale, which were first reported by React News in August, are ongoing and there’s no certainty about their outcome, one of the people said.Representatives of Almacantar SA, the developer selling the buildings in London’s Waterloo district, and WeWork declined to comment. A representative for Bright Ruby wasn’t immediately able to comment.Sidra Capital was in talks to buy 70 Wilson Street near London’s financial district from a venture led by Columbia Threadneedle Investments, the people said.Representatives of Sidra Capital, Columbia Threadneedle and WeWork declined to comment.(Adds background in fourth paragraph.)\--With assistance from Lucca de Paoli and Alfred Cang.To contact the reporter on this story: Jack Sidders in London at jsidders@bloomberg.netTo contact the editors responsible for this story: Shelley Robinson at ssmith118@bloomberg.net, Patrick HenryFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Big Tech Breakup: Bill Gates Sides with Facebook
    Market Realist

    Big Tech Breakup: Bill Gates Sides with Facebook

    Bill Gates shares Facebook’s view that there is no need for breaking up America’s big tech companies as some politicians have proposed.

  • Could Facebook’s Video Streaming Device Upset Roku?
    Market Realist

    Could Facebook’s Video Streaming Device Upset Roku?

    Facebook is preparing to challenge Roku in the video streaming device market as the social media giant looks to a future beyond advertising.

  • Bloomberg

    Facebook Contractors Have Been Listening to ‘Hey Portal’ Clips

    (Bloomberg) -- Facebook Inc., which last month said it stopped using humans to review and transcribe users’ voice messages, will resume that practice for some audio collected from its Portal video-calling device.Facebook “paused human review of audio” around August. Bloomberg reported at the time the company hired contractors to transcribe private voice messages sent via its Messenger app. In that case, users had not been alerted to the possibility that their communications might be subject to human review. It was also unclear at the time that some of the clips Facebook had been collecting were coming from Portal.Facebook confirmed Wednesday that it was indeed collecting audio from Portal users who make a request from the device using the command “Hey Portal.” By default, those commands were recorded and stored on Facebook servers, and some of them were transcribed by contractors working with the company to improve the software algorithms used to understand the commands, according to Andrew Bosworth, Facebook’s head of hardware. That practice was paused last month at the same time Messenger stopped using humans to transcribe messages.Facebook Paid Contractors to Transcribe Users’ Audio Chats“We paused human review of the ‘Hey Portal’ voice interactions last month while we worked on a plan that gave people more transparency and control, including a way to turn it off,” Bosworth said in a statement.Portal is now reinstating human audio transcriptions but will offer consumers an option to turn off that service in a new version of its Portal software, which will be distributed to existing devices and its updated Portal lineup shipping in October.The Messenger transcriptions are separate, Boswell added, and that program is still on pause.“The reason they’re separate isn’t because the back-end systems are separate, it’s because the data is coming in from a different place,” he told Bloomberg in an interview Tuesday. “And therefore you have a different kind of user expectation.”Apple Suspends Listening to Siri Queries Amid Privacy OutcryThe controversial practice of transcribing user audio clips has gotten a lot of attention in recent months because of privacy concerns. Apple Inc. and Google have both suspended similar human transcription programs, and Bloomberg first reported in April that Amazon.com Inc. was transcribing some commands from its Alexa voice assistant without people’s knowledge. Amazon now lets users opt out of that human review.Facebook decided to reinstate this practice because it’s important for training the company’s software programs to accurately understand requests, Bosworth says. He’s also aware that the idea of having humans review user audio is unsettling to many people.“The consumer reaction the last several months to these practices, not just at Facebook but other companies, gave us insight into the fact that this was something people weren’t entirely comfortable with or weren’t sure about,” he said when explaining the new privacy setting.Facebook will still collect and transcribe “Hey Portal” commands if users don’t change the default settings. Portal’s data usage policy states that the company does collect “voice queries and commands” after a user wakes the device with “Hey Portal.” The policy does not say that those audio clips may be reviewed by third-party contractors.Facebook Quizzed by Watchdog for Listening to Users’ ChatsThe importance of audio transcriptions and recordings has increased alongside the rise of digital assistants like Amazon’s Alexa and Google’s Assistant. Tech companies improve the accuracy of their software by transcribing millions of clips, which help the machines learn language and speech patterns. The practice has, however, served up a new privacy trade-off: users want the help of smart assistants but not the threat that strangers might be listening to their private conversations or messages.Facebook does not yet have an advanced standalone audio assistant to compete with the other tech giants, though its Portal device can carry out some basic commands after users wake it by saying “Hey Portal.” For more complicated requests, Portal also comes equipped with Amazon’s Alexa software.Bosworth says that while Facebook is working to improve and further develop its “Hey Portal” software, it doesn’t have any plans to completely replace Alexa on Portal devices with its own proprietary software, and Alexa is indeed present on Facebook’s newly announced set of devices.The new Facebook Portal and Portal Mini will open Facebook’s distribution of the video-calling platform beyond the U.S. and into Europe, where higher privacy standards have already saddled the social media giant with increased regulator scrutiny.\--With assistance from Sarah Frier.To contact the reporters on this story: Kurt Wagner in San Francisco at kwagner71@bloomberg.net;Mark Gurman in San Francisco at mgurman1@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Vlad Savov, Edwin ChanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Financial Times

    Huawei proffers $1.5bn in bid to lure software developers

    Huawei’s search for more developers is made urgent by the fact that its new series of smartphones, to be launched later this week, will not have licensed access to Google’s apps. As part of its outreach Huawei has also offered to sell its 5G technology to foreign companies — a move that rotating chief executive Ken Hu on Wednesday said was meant to “lessen people’s security concerns”. The US government views Huawei as a potential spy on behalf of the Chinese government, an allegation the company denies.

  • Bloomberg

    Amazon’s Alexa Masters Hindi and Hinglish in Time for Diwali

    (Bloomberg) -- Amazon.com Inc.’s Alexa has mastered Hindi in just a few years.The voice assistant introduced to India in 2017 gets a major local makeover for one of the largest retail markets. From Wednesday, Amazon launches a version that now speaks Hindi and Hinglish -- a unique blend with English. It can also switch automatically between all three. The new, improved Alexa and Echo speakers hit the market in time for the Diwali shopping season.The voice assistant lets customers to ask for music, get Bollywood news, cricket updates and more in Hindi and Hinglish on its Echo and other voice-controlled smart speakers. It will respond in an unmistakably Indian accent to Hinglish questions such as “Alexa, Bollywood ke hottest gane sunao” and “Volume badhao” (to ask for the latest Bollywood hits and increase the volume, respectively). “Alexa, latest cricket score batao” yields the latest scores.Technology giants from Apple Inc. to Google are targeting this nation of 1.3 billion people by training virtual assistants in the heterogeneity of its languages and subcultures. Alphabet Inc. too has introduced a Hinglish-speaking Google Assistant, while Apple has hired native speakers to evolve and enrich Siri. In Amazon’s case, Alexa may prove key in a battle against Walmart Inc. in one of the world’s fastest-growing e-commerce arenas, a battle the Seattle online retailer has staked at least $5.5 billion on.Until now, Amazon’s virtual assistant had a limited vocabulary of names, places and popular songs in Hindi and a few others of the country’s roughly one dozen official languages.Read more: Amazon Teaches Alexa to Speak Hinglish. Apple’s Siri Is NextUnderstanding Hindi and Hinglish is critical for companies targeting first-time internet users in the countryside, who are coming online rapidly thanks to cheap devices and cut-rate wireless data. The Hindi internet user base will outgrow India’s English internet users by 2021, according to consultancy KPMG. But even Hindi has dozens of dialects and regional variations.“Hindi changes every 100 kilometers or so,” Rohit Prasad, Amazon’s head scientist of Alexa AI, said in an interview. Alexa can handle varied regional accents and dialects. “Alexa has an Indian personality.”Prasad, 43, grew up in Ranchi in India’s Hindi-speaking heartland, hailing from a family of engineers. Computers were still new then and as a teenager, he abandoned cricket games to run home and catch Star Trek episodes on the government-run TV channel. “It was in the realm of science-fiction then but I was endlessly fascinated by computers and humans communicating with each other.”He studied engineering in the same city before heading to the Illinois Institute of Technology, later working in speech recognition at Raytheon before joining Amazon in 2013. “Having grown up in diverse India, it was indelibly etched in my brain that Alexa has to work for everyone, and not just English speakers,” said Prasad, clad in a casual shirt and jeans and seated in a hotel conference room in New Delhi. “It’s a daunting task.”For instance, the virtual assistant was trained to differentiate between the oft-used Hindi word “achcha” or “okay,” which can sound close to its wake word. In many households, a single conversation can have Hindi and English words liberally interspersed. Alexa will be able to respond in either language without the user having to change settings. The AI will keep learning and improving with time, he said. Alexa in Hindi will also be available on Bose smart speakers, and soon in brands like Motorola and Sony.“It took me 20 years to get here,” Prasad said. “There’s a big deep learning wave right now and if I think of something new in conversational AI, I know I have a fighting chance of getting it right.”To contact the reporter on this story: Saritha Rai in Bangalore at srai33@bloomberg.netTo contact the editors responsible for this story: Edwin Chan at echan273@bloomberg.net, Colum MurphyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • China’s Huawei Woos Tech World With $1.5 Billion and 5G Secrets
    Bloomberg

    China’s Huawei Woos Tech World With $1.5 Billion and 5G Secrets

    (Bloomberg) -- Huawei Technologies Co. is offering up its most valuable 5G secrets and $1.5 billion to software developers, courting the global tech community at a time the U.S. is heightening scrutiny of the Chinese giant.China’s largest technology company aims to ramp up investment in its developer program over the next five years, Deputy Chairman Ken Hu told attendees at an annual conference. That effort is gaining urgency with Huawei in danger of losing access to American circuity and code, including the Google software it needs to run the world’s No. 2 mobile device business.Huawei is accelerating its outreach after the Trump administration imposed sanctions on the sale of U.S. technology, encouraging allies to cut ties with a Chinese company it accuses of aiding Beijing in espionage. In response, Huawei offered to sell a license to its vaunted fifth-generation wireless technology -- needed to drive future modern economies -- to create a viable competitor and prove its gear is free of security loopholes.“There are a lot of concerns over Huawei’s 5G solutions. We believe those concerns are groundless,” Hu told reporters in Shanghai. “By allowing others to acquire these technologies via commercial methods, it will help reduce the concerns.”China’s perceived lead in 5G is at the heart of President Donald Trump’s campaign to contain the country’s rise. Already, Huawei has inked more than 60 commercial contracts to build the wireless standard globally, Hu said. China itself is ready to finish the first phase of its 5G rollout by the middle of next year, he added.How Huawei Became a Target for Governments: QuickTakeHuawei executives turned out in force in the country’s financial capital Wednesday, roping in foreign executives -- such as the director-general of interstellar research project Square Kilometre Array -- to showcase the tech giant’s road map for dominating future technologies.It’s developing alternatives to U.S. technology to help safeguard the world’s largest networking business. Part of that involves ensuring a thriving community of partners. Huawei established a developer program to encourage external parties to create apps for Huawei services, including its just-unveiled in-house smartphone platform, HarmonyOS.The company intends to build its base of partner-developers to 5 million eventually, Hu said. That army of firms and individuals could help craft apps optimized to run on Huawei’s Kunpeng and AI chip computing architecture, which will power everything from internet servers to machine learning solutions.“This work has already started and we’ve received very good feedback,” he told an audience of technology executives in Shanghai. “We have implemented this strategy and we’re looking forward to more partners joining us.”Read more: Huawei Tries to Romance a Washington That Spurns Its OverturesHuawei’s rapid advances have, however, raised hackles in Washington, for which the Chinese company symbolizes a geopolitical rival’s growing technological might. Executives sought to tamp down those fears.Hu, one of three main people who run Huawei’s day-to-day operations, reiterated an offer first voiced by billionaire founder Ren Zhengfei to share 5G blueprints. While he was vague on how that would work, Hu said Huawei would be willing to open up its tech vaults for a fee, to help another company catch up on a technology that will drive applications from smart homes to self-driving cars.“Customers and the entire industry will benefit from more competition, which is something that Huawei is willing to see,” Hu said.\--With assistance from Vlad Savov.To contact Bloomberg News staff for this story: Gao Yuan in Beijing at ygao199@bloomberg.netTo contact the editors responsible for this story: Edwin Chan at echan273@bloomberg.net, Colum MurphyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Financial Times

    Smart TVs sending sensitive user data to Netflix and Facebook

    The smart TVs in our homes are leaking sensitive user data to companies including Netflix, Google and Facebook even when some devices are idle, according to two large-scale analyses. Researchers from Northeastern University and Imperial College London found that a number of smart TVs, including those made by Samsung and LG, and the streaming dongles Roku and Amazon’s FireTV were sending out data such as location and IP address to Netflix and third-party advertisers. The data were being sent whether or not the user had a Netflix account.

  • The ‘best job in America’ pays over $108,000 a year — and has a high number of openings
    MarketWatch

    The ‘best job in America’ pays over $108,000 a year — and has a high number of openings

    Is there a job out there that gives you a six-figure income, high job satisfaction and has enough job openings to make it a real possibility? The “Glassdoor Job Score” is determined by weighing three factors equally: Earning potential (median annual base salary), overall job satisfaction rating and number of job openings.

  • AMZN Advertising: A Key Revenue Driver
    Market Realist

    AMZN Advertising: A Key Revenue Driver

    Amazon (AMZN) has underperformed the market in 2019 and has gained just over 18% year-to-date. Comparatively, the S&P; 500 Index is up 20% this year.

  • How Virtual Streamers Became Japan’s Biggest YouTube Attraction
    Bloomberg

    How Virtual Streamers Became Japan’s Biggest YouTube Attraction

    (Bloomberg) -- Kizuna Ai, the most popular streamer in Japan, is an anatomically exaggerated, perpetually adolescent girl in frilly thigh-high socks and a pink hair ribbon. She’s also an entirely virtual character, given life by the actions and voice of an invisible actress.In the home of anime and “Ghost in the Shell” futurism, millions now follow Kizuna Ai online, and that success has spawned thousands of copycat acts and a cottage industry catering to so-called virtual YouTubers, or VTubers. Defying the Western streamer blueprint of young male gamers like PewDiePie and Ninja, Japan has invented a new class of streaming star that’s equal parts digital avatar and interactive anime.“What separates VTubers from regular anime characters is that you can believe they actually exist,” said Takeshi Osaka, founder of Activ8 Inc., the Tokyo-based company behind Kizuna Ai. “That presence is an important part of what makes them so appealing.”Sidestepping the labor-intensive and time-consuming process of traditional animation -- ill-suited to the fast-paced world of YouTube content -- Activ8 uses Hollywood-grade motion capture equipment to crank out music videos, skits and game streams just about every day for more than 4 million subscribers.The technology allows Kizuna to interact with fans in real time at exhibitions, give interviews on live TV and perform in concerts. It’s a virtual influencer that can patronize real-world events.While Activ8 doesn’t disclose technical details, its product is an almost seamless combination of lifelike movements, gestures and facial expressions, all of which contribute to the suspension of disbelief.“The innovation here is in how they combine real-time 3D computer graphics, motion capture and video streaming sites like YouTube to create two-way interactions with audiences,” said Eiji Araki, a senior vice president at Gree Inc. who heads a division specializing in VTubers.Kizuna Ai debuted on YouTube in December 2016 and was responsible for coining the term “VTuber.” The technology that opened the door for its many imitators arrived that same year, in the form of the first commercial virtual reality goggles. Designed to do precise head and hand tracking, the VR kits from Facebook Inc.’s Oculus and HTC Corp.’s Vive turned out to be perfect animation rigs for VTuber aspirants on a budget. With free-to-use animation engines and 3-D models from the likes of Unity Technologies, anyone could create a virtual puppet studio for cheap in their living room.Virtual Beings Get Real With First Emmy From HollywoodIt’s no accident that VTubers found fertile ground in Japan. The country has a long history of user-generated content centered on anime, and performances by virtual idols like Hatsune Miku have drawn real-world crowds for more than a decade. While international audiences may prefer more photorealistic characters -- which are more difficult to create and animate -- their Japanese counterparts raised on comic book heroes have no problem with cartoonish looks.The VTuber phenomenon has so far been almost exclusively Japanese, however its underlying technology and formula of combining popular culture with increased interactivity -- and thus believability -- are universal. And Activ8 already has ambitions to expand its VTuber portfolio beyond Japan.While Japan’s global tech leadership may have faded since the days of the Walkman, its trendsetting habits remain strong in the gaming realm. Three out of four gaming consoles sold in the world today are made by Nintendo Co. and Sony Corp., while free-to-play mobile games are taking over the globe with monetization techniques pioneered by Japanese companies. And then there are globally beloved game series like Super Mario, Zelda, Monster Hunter and Pokémon. Anime, another major Japanese cultural export, is a $20 billion industry whose products range from Oscar-winning high-brow works by Hayao Miyazaki to action-packed light entertainment like “Battle Angel Alita,” which recently got a Hollywood remake. VTubers are a cross between these two Japanese pastimes.Market researcher User Local Inc. estimates there are now over 9,000 VTuber channels. The most popular ones are produced by a handful of professional studios like Activ8, each managing dozens of characters. In the space of less than three years, virtual streamers have morphed from an obscure subculture to a big business. Kizuna Ai can now be found in ads for instant cup noodles and eye drops, appearing at local carrier SoftBank Corp.’s launch event and helping the Japan National Tourism Organization’s promo campaigns.“There is no doubt that this will change the future of entertainment,” said Hironao Kunimitsu, the founder of Gumi Inc., an early investor in Activ8 and about 70 other VR startups. He cautions, however, that “for this type of content to resonate outside of Japan, it will have to be adapted to local tastes and sensibilities.”For now, Japanese VTubers are taking the path of least resistance and exporting their characters to China’s large and underserved anime market. Activ8 earlier this year introduced a Chinese version of Kizuna Ai, changing its dress and voice, and now it has close to 820,000 followers on the country’s Bilibili video-sharing service.Ultimate success for Activ8’s chief means making it into Hollywood, which is already a well-trodden path for Japanese gaming franchises like Resident Evil, Pokémon and Sonic the Hedgehog. Given the world’s appetite for Japanese culture, VTubers might not even have to dilute their product very much.“I started this virtual entertainer business because I believe it can be done worldwide,” Osaka said. “Our goal is to become the next-generation Disney.”To contact the reporters on this story: Pavel Alpeyev in Tokyo at palpeyev@bloomberg.net;Yuki Furukawa in Tokyo at yfurukawa13@bloomberg.netTo contact the editors responsible for this story: Edwin Chan at echan273@bloomberg.net, Vlad Savov, Colum MurphyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Senate panel grills Justice Department and FTC chiefs over their antitrust probes into Big Tech
    MarketWatch

    Senate panel grills Justice Department and FTC chiefs over their antitrust probes into Big Tech

    Officials from the Justice Department and Federal Trade Commission may provide more information on Tuesday afternoon about their antitrust probes that are targeting Amazon.com Inc., Apple Inc., Facebook Inc. and Alphabet Inc.’s Google.

  • Facebook Releases Rules for Its Independent Content Board
    Bloomberg

    Facebook Releases Rules for Its Independent Content Board

    (Bloomberg) -- Facebook Inc., ahead of a congressional hearing on violent content, revealed the charter for an independent oversight board that will make irreversible decisions about what posts stay up and come down, even if the company disagrees.The board, which Facebook started talking about in January and which will begin to hear cases early next year, represents the first real check on Facebook’s power to decide who gets a voice on its site. Its members -- at least 11 people at any given time and fully staffed at 40 -- will be the final word on controversial cases that affect Facebook’s 2.7 billion users. The board’s charter outlines a vision that is easier said than done.The members will “exhibit a broad range of knowledge, competencies, diversity and expertise” with no “actual or perceived” conflicts of interest that would affect their decisions on user content, according to the charter revealed Tuesday. They will “collaborate in decision-making to foster an environment of collegiality, and issue principled decisions and policy recommendations using clearly articulated reasoning.” The committee deciding on cases will include one member from the region of the post in dispute.Facebook spent months deliberating with outside experts to ensure the board acts independently, even though members are paid indirectly by the tech giant. Funding is channeled through a trust and the trustees can’t fire board members if they make bad content decisions, only if their conduct is poor. At stake is the trust of Facebook’s users, who sometimes don’t understand why posts are removed, or why questionable content they report remains online.The company is also dealing with increasingly damaging types of content -- like posts to recruit terrorists or influence elections. On Wednesday, executives from Facebook, Twitter Inc. and Google will testify before a Senate committee on violent content and extremism, after a string of mass shootings, some of which were broadcast live on social media.Kate Klonick, an assistant professor at St. John’s University Law School, has been embedded at Facebook to observe the oversight board’s creation, including sitting in on meetings with staff. She described a notable update: The board can provide feedback on Facebook policies, and the company will review that and write a public statement explaining why it did or did not change a policy as a result.“That’s actually kind of a huge deal,” Klonick said. “That’s probably the most accountable we’ve ever seen Facebook.”There are still elements that are unclear, according to Klonick. The charter references “bylaws” -- the “operational procedures of the board” -- and a Code of Conduct outlining the “norms, procedures, and proper practices” expected of board members. Neither exists right now, but both will be important to start the board off in the right direction with the right set of principles, she said.To contact the reporters on this story: Sarah Frier in San Francisco at sfrier1@bloomberg.net;Kurt Wagner in San Francisco at kwagner71@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Alistair Barr, Molly SchuetzFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Top U.S. antitrust regulators admit to infighting on big tech probe
    Reuters

    Top U.S. antitrust regulators admit to infighting on big tech probe

    The top U.S. antitrust regulators admitted at a congressional hearing on Tuesday that they had wasted time arguing over who would investigate which tech company, as they take on major probes of firms like Alphabet's Google for allegedly using their market power unfairly. The hearing by the Senate Judiciary Committee's antitrust panel was a tough one for Delrahim and Joe Simons, chair of the Federal Trade Commission, who were criticized by lawmakers for overlapping on the probes, and for other matters.

  • Is MSFT Stock a Buy With Earnings and xCloud Launch on the Horizon?
    InvestorPlace

    Is MSFT Stock a Buy With Earnings and xCloud Launch on the Horizon?

    When Microsoft (NASDAQ:MSFT) reported fourth-quarter and full-year earnings in July, the company impressed analysts and investors, blowing past estimates for both earnings and revenue. The next earnings report for the trillion-dollar company is due in five weeks. And after closing at $136.33 yesterday, MSFT stock sits almost exactly where it did the day after those Q4 earnings. That's off from the final week of July and a few days in September, when Microsoft stock topped the $140 level -- but up 34% from the start of the year.Source: Shutterstock With MSFT expected to report Q1 earnings on October 24, and Project xCloud expected to make its debut in October, is now the time to consider an investment in the high-flying tech company? Q1 Earnings Have the Potential to Boost MSFT StockIn July, Microsoft delivered strong Q4 results and a record fiscal 2019. Revenue of $33.7 billion handily beat analyst expectations. Earnings per share of $1.71 also topped expectations and blew past the $1.14 the company delivered in Q4 2018. With cloud computing becoming an increasingly important part of MSFT's game plan, Azure revenue was up 64% in the quarter. InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe company is expected to report Q1 2020 earnings on October 24, and analysts are looking for EPS of $1.24 compared to the $1.10 Microsoft delivered a year ago. There's a good chance MSFT stock rises ahead of earnings in anticipation of big numbers. The X-Factor: Project xCloudCloud gaming services have the potential to be one of the more interesting developments of 2019. The big one that everyone has been waiting for is Stadia, from Alphabet's (NASDAQ:GOOG, NASDAQ:GOOGL) Google. Billed as "the future of gaming," Google Stadia leverages cloud computing hardware to let subscribers play high resolution, AAA PC video games in a browser on very modest hardware. Even a smartphone or a tablet.Google may have been stealing the headlines for the past several years -- and causing some consternation among MSFT investors over the possibility that Stadia might disrupt Xbox console gaming, but Microsoft has hardly been sitting still. * 7 Momentum Stocks to Buy On the Dip Microsoft has 17 years of game console experience and that surging Azure cloud computing division. Naturally, the two are being mashed together. Microsoft's Project xCloud was officially announced last October, with MSFT providing further details in March. Microsoft sees Project xCloud as opening up Xbox-class gaming to consumers who may not otherwise have access to consoles, leveraging 54 global Azure cloud centers to deliver console-quality gaming to mobile devices. At the 2019 EX game conference, Microsoft announced that Project xCloud will be launching as a public beta sometime in October. Pricing, regional availability and launch titles were not announced, but the timing finally sets up MSFT for a showdown against Google Stadia -- which launches in November at $9.99 per month.Project xCloud has the potential to help take the edge off the rapid decline in Xbox revenue (consoles aren't selling as gamers wait for the next generation), while bolstering the number of players in the Xbox camp. If it's a success, it will help to mitigate the threat from Google Stadia. And by adding subscription revenue, it would also help to even out revenue fluctuations (a model that MSFT has employed with great success for its Office productivity suite). There is also some risk involved here, though. If Project xCloud stumbles, the black eye would come at a bad time for Microsoft, especially with its next generation Xbox console launching in 2020. Should You Buy MSFT Now?If you ask the professionals, it's a no-brainer: buy MSFT stock. Of the 33 analysts polled by the Wall Street Journal, 27 of them have MSFT rated as a "buy" with $155.38 as the average 12-month price target for Microsoft stock. That offers a nice bit of upside for investors, with the possibility that Project xCloud could factor into the equation and provide a much-needed gaming boost going into the holiday quarter. As of this writing, Brad Moon did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Momentum Stocks to Buy On the Dip * 7 Dow Titans Breaking Higher * 5 Growth Stocks to Sell as Rates Move Higher The post Is MSFT Stock a Buy With Earnings and xCloud Launch on the Horizon? appeared first on InvestorPlace.

  • Self-Driving Cars: Apple-Backed DiDi Gets a License
    Market Realist

    Self-Driving Cars: Apple-Backed DiDi Gets a License

    Apple-backed DiDi Chuxing has received a license to operate a fleet of self-driving cars on a pilot basis in part of the Jiading district in Shanghai.

  • Reuters

    UPDATE 3-Top U.S. antitrust regulators admit to infighting on big tech probe

    The top U.S. antitrust regulators admitted at a congressional hearing on Tuesday that they had wasted time arguing over who would investigate which tech company, as they take on major probes of firms like Alphabet's Google for allegedly using their market power unfairly. The hearing by the Senate Judiciary Committee's antitrust panel was a tough one for Delrahim and Joe Simons, chair of the Federal Trade Commission, who were criticized by lawmakers for overlapping on the probes, and for other matters.

  • Can Tesla Stock Investors Trust Elon Musk?
    InvestorPlace

    Can Tesla Stock Investors Trust Elon Musk?

    There's not a stock in the market with a more pitched bull and bear divide than Tesla (NASDAQ:TSLA) stock. Bulls cite a massive growth opportunity -- and a company that can help improve life on Earth. Bears point to the company's lack of profitability, a long list of broken promises and an arguably inflated valuation.Source: Hadrian / Shutterstock.com I've long leaned toward the bearish side of the argument (and taken bearish option positions in the stock, though I'm currently on the sidelines) for one simple reason: I don't trust its management. That concern isn't really based on the arguments over the infamous "funding secured" tweet and the still-lengthening list of broken promises.Rather, it comes down to the fact that auto manufacturing is a notoriously difficult and capital-intensive business. As both TSLA bulls and bears will point out (for very different reasons), among U.S. manufacturers, only Tesla and Ford (NYSE:F) have never gone bankrupt.InvestorPlace - Stock Market News, Stock Advice & Trading TipsYet Tesla, drama aside, has hardly executed well -- or, in my opinion, been managed well. The company announced in late February it was closing all its stores, then reversed field two weeks later. Prices constantly move around. The decision to avoid model years has created issues in parts and services. This is too difficult an industry to not have detailed strategies and top-notch execution.TSLA bulls for the most part have been forgiving, and chosen to put their faith in CEO Elon Musk. At this point, I wonder whether it's still possible to ignore his critics. Do You Believe in Robo-Taxis?At Tesla's Autonomy Day in April, Musk said the company was on its way to fully autonomous driving. He announced that the company would have 1 million "robo-taxis" on the road by the end of 2020.Musk doubled down on that claim on an investor call a little over a week later. He told listeners that in three years existing Tesla models would be worth $150,000-$250,000. In July, that figure came down a bit, but on Twitter Musk still put the value at $100,000-$200,000. * 7 Momentum Stocks to Buy On the Dip So a key question for anyone considering Tesla stock is this: Do you believe those claims?Few do. TSLA stock actually declined 4% in trading on the day of the Autonomy Day (though, to be fair, it regained those losses the following session). Noted TSLA bull Gene Munster of Loup Ventures said in the context of Apple (NASDAQ:AAPL) that "autonomy is going to take longer than people think." Most auto executives believe it will be at least a decade. Autonomy leader Waymo, a unit of Alphabet (NASDAQ:GOOG,NASDAQ:GOOGL), believes it's even further away.In fact, it certainly doesn't seem like Tesla itself believes its CEO. After all, the company is cutting the price of both the Model 3 and the Model Y. Why, exactly, is Tesla selling "appreciating assets," as Musk termed them, for 40% of the company's low estimate of their value? Tesla closed the second quarter with $5 billion in cash. Surely, it could lower deliveries and either sell the cars at a bigger profit or keep them for an in-house fleet.After all, Tesla is guiding for total production of 10,000 units a week by the end of the year. 500,000 units annually at $100,000 each would be worth $50 billion. That's roughly equivalent to Tesla's current enterprise value. What Does That Mean for TSLA Stock?The dubiousness of Musk's claims in turn leads to another question: Can an investor buy Tesla stock if he or she doesn't believe the CEO?Obviously, many investors believe the answer is "yes." Tesla has a large retail shareholder base. Institutions -- and Wall Street analysts -- in many cases have stuck behind the company, and behind TSLA stock.And maybe the opportunity is such that the stock is worth the risk. After all, an investor could plausibly argue that even if Musk is exaggerating, TSLA stock still has upside. If the robo-taxis are worth $50,000 and won't arrive for a few years, that still suggests potentially higher prices down the line.That might be true. But remember: This is a brutally difficult industry. It requires huge amounts of capital (as Tesla has learned). It requires execution and strategy that are on point.And Musk is making what appears to be a ridiculously optimistic claim about something that is a big part of the Tesla business model -- and the bull case for Tesla stock. This isn't random musing about life on Mars. The 1 million robo-taxis by next year claim was made at an event specifically designed to highlight the company's plans in autonomy. It wasn't an off-hand remark made on an earnings call or at a conference.From here, if an investor can't believe that goal, that investor can't, and shouldn't, own Tesla stock. For now, many investors see it differently. That may not be the case forever.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Momentum Stocks to Buy On the Dip * 7 Dow Titans Breaking Higher * 5 Growth Stocks to Sell as Rates Move Higher The post Can Tesla Stock Investors Trust Elon Musk? appeared first on InvestorPlace.

  • Google Cloud Head of India Resigns, Joins Disney Unit
    Market Realist

    Google Cloud Head of India Resigns, Joins Disney Unit

    The head of Google’s cloud computing business in India, Nitin Bawankule, is set to leave the company at the end of this month.

  • GuruFocus.com

    Debating Alphabet Inc.

    Positive and negative thoughts on Alphabet Inc. Continue reading...

  • Google’s YouTube: Another Round of Advertiser Boycotts?
    Market Realist

    Google’s YouTube: Another Round of Advertiser Boycotts?

    A BBC investigation recently discovered dozens of YouTube videos promoting fake cancer cures. Could Google's YouTube lose advertisers?