GOOG Nov 2019 1240.000 call

OPR - OPR Delayed Price. Currency in USD
43.31
0.00 (0.00%)
As of 3:48PM EDT. Market open.
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Previous Close43.31
Open40.65
Bid0.00
Ask0.00
Strike1,240.00
Expire Date2019-11-15
Day's Range40.65 - 43.57
Contract RangeN/A
Volume22
Open InterestN/A
  • Reuters

    UPDATE 1-Google wins in 'right to be forgotten' fight with France

    Google won its fight against tougher "right to be forgotten" rules after Europe's top court said on Tuesday it does not have to remove links to sensitive personal data worldwide, rejecting a French demand. The case is seen as a test of whether Europe can extend its laws beyond its borders and whether individuals can demand the removal of personal data from internet search results without stifling free speech and legitimate public interest. "Currently, there is no obligation under EU law, for a search engine operator who grants a request for de-referencing made by a data subject... to carry out such a de-referencing on all the versions of its search engine," the European Court of Justice (CJEU) said.

  • Google wins in 'right to be forgotten' fight with France
    Reuters

    Google wins in 'right to be forgotten' fight with France

    Google won its fight against tougher "right to be forgotten" rules after Europe's top court said on Tuesday it does not have to remove links to sensitive personal data worldwide, rejecting a French demand. The case is seen as a test of whether Europe can extend its laws beyond its borders and whether individuals can demand the removal of personal data from internet search results without stifling free speech and legitimate public interest. "Currently, there is no obligation under EU law, for a search engine operator who grants a request for de-referencing made by a data subject... to carry out such a de-referencing on all the versions of its search engine," the European Court of Justice (CJEU) said.

  • Financial Times

    EU’s judges get extraterritorial

    How far should the EU’s court rulings apply outside its borders? In a case that has pitted privacy activists against free speech campaigners, the European Court of Justice will decide whether orders for Google to “delist” search results in the EU should also apply to the rest of the world. Google, backed by tech giants including Microsoft, argue that delistings of personal information under the right to be forgotten should only apply within the jurisdiction of the union.

  • Southeast Asian nations weigh unified approach to regulating Big Tech
    Reuters

    Southeast Asian nations weigh unified approach to regulating Big Tech

    BANGKOK/JAKARTA (Reuters) - Southeast Asian governments are banding together to take on global tech giants on issues including "fake news" and taxation, marking a new stage in the region's approach to the internet's explosive growth. The stakes are high both for the governments, which are counting on the digital economy to drive growth and innovation amid domestic political tensions, and the companies, which view Southeast Asia's social-media-loving population of 641 million as a key growth market. The new initiatives, which have not previously been reported, include an effort by Indonesia to join forces with Thailand, Vietnam and the Philippines in demanding action from Google, Facebook and other companies on content regulation and tax policy.

  • Bloomberg

    Mr. Modi Comes to America

    (Bloomberg Opinion) -- Nobody could expect sophistication from an event titled “Howdy, Modi!” And the Indian prime minister’s rally in Houston — attended by 50,000 or so screaming Indian Americans, two dozen U.S. congressmen and senators, and President Donald Trump — was every bit as cheesy as its title.In his five-plus years in power, Modi has made a habit of addressing stadiums packed with the Indian diaspora around the world. They’re part political rally, part celebration of ersatz “Indian-ness” and part reminder to the locals about the diaspora’s size and power. Trump isn’t the first world leader to turn up: In 2015, David Cameron was willing to warm up Modi’s crowd at Wembley stadium. But there’s a special triumphal edge to Modi’s events in America, which once banned him from entering because of “severe violations of religious freedom” under his provincial administration.The only political leader ever to be so sanctioned is now prime minister of India. Of course, America has never had trouble working with authoritarians if it needs them. But the number of powerful American politicians willing to stand on stage as a respectful backdrop for Modi’s speeches is a reminder that India is almost uniquely placed right now: a country that most in the corridors of U.S. power would be willing to woo, but not one seen as a threat. Which other foreign politician would be able to expect the presence of not just a president but so many other politicians at a rally on U.S. soil? You certainly couldn’t imagine a “Howdy, Xi!” event. For one, the Chinese president would probably have insisted the large contingent of protesters outside the venue be pushed out of sight. The prime minister of democratic India made no such demands. There are only 4 million or so Indian Americans, but they are the richest such community and much in demand as donors and supporters. The “Howdy, Modi!” program began with a tribute to the melding of cultures: a medley of Hindu and Christian hymns playing while photos of Mahatma Gandhi and Martin Luther King were projected to the crowd. Then Modi and Trump came out; it is hard to imagine two leaders less like Gandhi and King.Trump wasn’t shy about underlining what he had in common with Modi, and with that crowd in Houston. Trump’s biggest applause line of the night was a condemnation of “radical Islamic terror” — the phrase he used to complain Obama refused to say. Trump also told the crowd that India and the U.S. both care deeply about “border security,” which I suppose is objectively true, given that the U.S. already has detention camps for thousands of new migrants, and India is building them in preparation for housing tens, perhaps hundreds of thousands of long-term residents that it might soon declare stateless. Trump also spoke of the 300 million Indians that Modi has lifted out of poverty, a statement that is typically misleading: Most were lifted out of poverty by the administration of Modi’s predecessor, Manmohan Singh. Trump knows all about politicians taking credit for their predecessors’ achievements.Modi, in turn, praised Trump’s wit, his wisdom, his “mastery” of the “art of the deal,” and said he had done great things for America and the world. If nothing else, this might at least lead to some much-needed introspection among second-generation Indian Americans, who both skew liberal in U.S. politics and are Modi’s biggest fans. The Indian PM then repeated Trump’s adaptation of Modi’s famous 2014 campaign slogan “Abki baar Modi Sarkar” (“This time, Modi’s government”) to “Abki baar Trump Sarkar” — as close to an endorsement as it is possible to go.And there, too, lies the danger of this and similar events. As the example of Benjamin Netanyahu shows, one of the dangers of the era of populists is that it can warp bilateral relationships away from strong bipartisan support. The most Modi-friendly politician in the U.S. is a Democrat, Tulsi Gabbard, but she couldn’t turn up after a recent investigative article revealed her past dependence on Hindu nationalist funding (in a video message posted on YouTube, Gabbard said she wasn’t able to attend due to previously scheduled presidential campaign events in Iowa). The senior Democrat on stage was House Majority Leader Steny Hoyer, who was careful in his speech to praise India’s pluralism and respect for human rights, as well as the secular values of India’s first prime minister Jawaharlal Nehru — a figure that Modi’s party men hate and despise.Indian Americans vote overwhelmingly for Democrats, but it is clearly the Republicans who intend to pander to their worst instincts. On the very day that Trump held Modi’s hand and took a victory lap around a Houston stadium, Bernie Sanders wrote in the Houston Chronicle that we might “hear much about the friendship between the American and Indian peoples” but an “unacceptable” silence about the human rights crisis in Kashmir. A Democrat-Republican divide on India policy isn’t in New Delhi’s interest. Nor are events that make the Indo-U.S. partnership look less like it is based on shared principles and more on the egos of preening populists.(Updates the second-last paragraph with Tulsi Gabbard’s video message.)To contact the author of this story: Mihir Sharma at msharma131@bloomberg.netTo contact the editor responsible for this story: Matthew Brooker at mbrooker1@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Mihir Sharma is a Bloomberg Opinion columnist. He was a columnist for the Indian Express and the Business Standard, and he is the author of “Restart: The Last Chance for the Indian Economy.”For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Google Blocks Privacy Push at the Group That Sets Web Standards
    Bloomberg

    Google Blocks Privacy Push at the Group That Sets Web Standards

    (Bloomberg) -- Google blocked a privacy push at the main organization that decides how the world wide web works, according to a recent vote that isolated the internet giant from others involved in the process.The Alphabet Inc. unit was the only member of the World Wide Web Consortium to vote against the measure to expand the power of the organization’s internet privacy group, according to a tally of the results viewed by Bloomberg News. Twenty four organizations voted for the idea in a recent poll.The W3C, as the group is known, makes decisions by consensus, so Google’s objection was an effective veto. The two sides are still negotiating an alternative, but if they can’t make a decision the issue will pass to W3C director Tim Berners-Lee, one of the founders of the web. Wendy Seltzer, a W3C lawyer, declined to comment on the vote but said the organization welcomes all member contributions to the privacy discussion.The incident shows how Google is pushing its own version of what digital privacy should look like. The company makes billions of dollars a year by hoovering up online consumer data and using that for targeted advertising. Changes to the foundation of the web that potentially limit such information gathering could be a major threat to this lucrative business.Google says privacy is important and the company works hard to protect the user data it collects. But it also argues that targeted ads powered by all this information are necessary to keep the web free and accessible. Other technology companies, such as Apple Inc. and rival search engine DuckDuckGo, have developed services that don’t need as much user data.Such differing priorities came to a head within the W3C in recent months. Standards bodies like these ensure the web keeps functioning by developing common guidelines for developers. Their recommendations aren’t legally binding, but a developer that ignores the standards could find their website can’t be loaded by popular browsers such as Google’s Chrome, Mozilla’s Firefox and Apple’s Safari.Standards are proposed and refined in working groups within the W3C, which then send them out to the broader community for debate and eventual approval. For most of the spring and summer, the W3C’s Privacy Interest Group discussed ways to make privacy a bigger priority for the organization, according to meeting minutes posted online. Some members were concerned that other working groups, such as the one focused on the Internet of Things, weren’t taking privacy seriously enough and ignoring their recommendations.In late June, the Privacy Interest Group, known as PING, sent out the poll to W3C members asking them to approve a new charter. One paragraph said PING could ask the W3C to give it the power to block any projects that the group felt undermined user privacy. A draft proposal to that effect was in the works at the time, too.The vote closed on Aug. 4 and revealed that Google objected to the change. “We are primarily concerned that the PING is attempting to insert itself as a required step for all specifications,” Google wrote. “Simply establishing themselves as an authoritarian review group without formally establishing self-serve guiding principles will cause significant unnecessary chaos in the development of the web platform.”A Google spokesman referred to a blog published late Monday by Chris Wilson, a developer advocate at the company. “Google believes a core need for the PING charter is to establish a formal model of privacy concerns, which should be a living, growing framework expressing best practices and understanding of privacy concerns,” Wilson wrote. This should help identify problems “before getting to the review stage,” he added. Wilson also stressed that Google does not have concerns with the group reviewing web platform specifications. The debate hasn’t been confined to the W3C. The Safari and Firefox browsers now block third-party tracking cookies -- little bits of code that let advertisers follow users around the web with targeted ads. But Google decided not to do this, opting instead to give Chrome browser users more control over which cookies can track them. Google executives have spoken at length about privacy and developing better controls through its web browser. Last May, Chief Executive Officer Sunder Pichai wrote a New York Times opinion piece outlining the company’s position on privacy and committing to giving users control over the data Google collects on them.In August, the internet giant proposed new ideas for improving web privacy without getting rid of targeted ads completely, such as lumping big groups of people with common interests together, or limiting the amount of user data a particular site can request from browsers. Google said it wanted its ideas to be debated at the internet standards bodies, a sign the company wanted them adopted by the entire industry.The proposals were panned in some quarters. Bennett Cyphers, a staff technologist at the nonprofit Electronic Frontier Foundation, called Google’s plan “a mess” and said some of the ideas were actually bad for privacy. By saying it was working for privacy but refusing to block cookies, Google was being disingenuous, argued Princeton University privacy researchers Jonathan Mayer and Arvind Narayanan.“We’re calling this move privacy gaslighting, because it’s an attempt to persuade users and policymakers that an obvious privacy protection—already adopted by Google’s competitors—isn’t actually a privacy protection,” Mayer and Narayanan wrote in a blog post.To contact the reporter on this story: Gerrit De Vynck in New York at gdevynck@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Alistair Barr, Andrew PollackFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Bloomberg

    Big Tech Restructures Its Internet Counter-Terror Program as Independent Group

    (Bloomberg) -- Facebook Inc.’s Sheryl Sandberg said social media companies are investing money and stepping up cooperation to blunt violent extremists on their sites, an effort likely to be aided by revamping a tech industry counter-terror group.The Global Internet Forum to Counter Terrorism (GIFCT), begun in 2017 by Facebook, Microsoft Corp., Twitter Inc. and Google’s YouTube, said Monday it will hire an executive director and staff with the aim of increasing cooperation among its companies and with government agencies in the battle against terrorism and violence on the platforms. The organization, funded by industry contributions, has up to this point been run by a rotating chair drawn from one of the four founding companies.Group members met Monday with New Zealand Prime Minister Jacinda Ardern at the United Nations General Assembly to discuss steps taken since the Christchurch Call to Action -- a pledge to limit violence after fatal mosque shootings in the country in March were live-streamed on Facebook and the video was re-shared across several sites.“Today we will report progress against that call, outline where more work is needed and commit to continuing with our collaboration,” Ardern said at an appearance with Sandberg, Facebook’s chief operating officer.Through the GIFCT, tech companies have collaborated on tools to prevent and respond to terrorist and violent extremist content, and funded counter-terrorism research. Amazon.com Inc., Microsoft’s LinkedIn and Facebook’s WhatsApp have joined the effort, the group said in a blog post.Sandberg said Facebook’s announced move to rebuild many of its features to highlight user privacy, for example making it easier to send encrypted messages, must be balanced by the need to prevent extremist attacks.“And so our challenge is to provide the technology that’s very important for consumer privacy, for consumer safety, for the privacy of people’s messages, but still work with law enforcement,” Sandberg said. “One of the things that helps us is that because we have multiple platforms, some encrypted like WhatsApp, some that are not like Facebook and Instagram, we are often able to find people on one and then take them down off of the encrypted platforms.”Last week, representatives from Facebook, Alphabet Inc.’s Google and Twitter testified before Congress about their efforts to remove violent content. On Friday, multiple outlets reported that videos of the Christchurch attack could still be found on Facebook.Responding to those reports, Sandberg said, “we have tried as hard as possible to get things down. We will continue to look for every instance to get it down. That’s why we’re making massive investments.”(Updates with comments from Sandberg in the seventh paragraph)To contact the reporter on this story: Kiley Roache in New York at kroache@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Andrew Pollack, Vlad SavovFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • North Carolina property firm buys Redmond complex for $96M
    American City Business Journals

    North Carolina property firm buys Redmond complex for $96M

    The building, which is located close to some of the Puget Sound region's most well-known tech employers, will be renamed.

  • US, India talks are 'hot and tense' amid hopes for a trade deal
    Yahoo Finance

    US, India talks are 'hot and tense' amid hopes for a trade deal

    Trade tensions have more of an impact on tech sector for India.

  • Bloomberg

    Facebook to Buy Startup for Controlling Computers With Your Mind

    (Bloomberg) -- Facebook Inc. agreed to acquire CTRL-Labs, a technology startup that is building software to let people control a digital avatar using only their thoughts. The world’s largest social network is paying between $500 million and $1 billion, according to people familiar with the deal.The closely held four-year-old startup, which has dozens of employees and has raised tens of millions in venture capital, uses a bracelet to measure neuron activity in a subject’s arm to determine movement that person is thinking about, even if they aren’t physically moving. That neuron activity is then translated into movement on a digital screen. Facebook declined to comment on the price of the acquisition.Technology like CTRL-Labs’s may someday be a crucial part of products like augmented reality glasses, where a user might want to control a computer without the need for buttons or a keyboard. “Your hands could be in your pocket, behind you,” explained Thomas Reardon, chief executive officer of CTRL-Labs, at an industry conference last December. “It’s the intention [to move], not the movement” itself that controls the avatar, he said.Facebook has been pushing deeper into augmented reality technology, including the development of a hands-free pair of AR glasses. In 2017, it announced a “brain-computer interface” that could someday let people turn their thoughts into actual text on a screen by monitoring signals in the brain. The CTRL-Labs technology is attempting to solve a similar problem.“The wristband will decode those [neural] signals and translate them into a digital signal your device can understand,” wrote Andrew Bosworth, Facebook’s head of AR and virtual reality, in a post announcing the deal. “It captures your intention so you can share a photo with a friend using an imperceptible movement or just by, well, intending to.”The purchase comes at a challenging time for Facebook, which is under two separate U.S. antitrust investigations. The inquiries mean any acquisition the company makes will be under intense scrutiny from regulators as they question whether Facebook is already too big and powerful.“CTRL-Labs and Facebook are not competitors. Facebook does not currently have or make this technology,” a Facebook spokeswoman said of the deal announced on Monday, adding that the company will work with regulators to secure any needed approvals. “CTRL-Labs’s technology is an innovative input that Facebook hopes will be used to significantly improve the upcoming Facebook AR/VR experiences a few years down the road to fundamentally improve the user experience.”New York-based CTRL-Labs has raised $67 million, according to Crunchbase, and has a high-profile list of investors, including Spark Capital, Google’s GV, Amazon.com Inc.’s Alexa Fund, and Founders Fund. CTRL-Labs employees will join Facebook’s Reality Labs team, which works on AR and VR products.To contact the reporter on this story: Kurt Wagner in San Francisco at kwagner71@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Andrew PollackFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Why Google Can Gain Momentum before Q3 Results
    Market Realist

    Why Google Can Gain Momentum before Q3 Results

    Alphabet Inc (GOOG) has seen a lot of price volatility throughout 2019. The parent company of Google started the year at $1,054.68.

  • TheStreet.com

    [video]Consumers Win as Google Play Pass and Apple Arcade Roll Out

    Google and Apple are both launching cheap subscription services that provide access to a large library of mobile apps that lack ads and in-app purchases.

  • Can’t take the robocalls anymore? Here are some ways to fight back
    MarketWatch

    Can’t take the robocalls anymore? Here are some ways to fight back

    Land lines, mobile phones, it makes no difference: These calls are so ubiquitous that the Federal Communications Commission cited a study earlier this year estimating that 45% of all calls to cellphones alone this year will be scams.

  • 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.

  • TheStreet.com

    Jim Cramer: Here's Why the Market's So Feckless and Reactive

    So many companies -- like Netflix, Facebook and Johnson & Johnson -- are not trading on earnings per share, but on factors that are nearly impossible to quantify.

  • Fitbit News: FIT Stock Moving on Sale Rumors
    InvestorPlace

    Fitbit News: FIT Stock Moving on Sale Rumors

    Fitbit (NYSE:FIT) news for Monday about the company considering a sale of its business has FIT stock moving.Source: Faiz Zaki / Shutterstock.com According to recent reports, Fitbit is in talks with investment bank Qatalyst Partners about a possible sale. However, the company hasn't decided on a sale yet and it just seeking an advice on if it should look more into the possibility.Anonymous sources in the report claim that Qatalyst Partners has been pushing Fitbit toward such a plan. While these signs point toward the wearables company considering the action, it doesn't mean it will happen.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe idea behind this Fitbit news is that it would allow the company to be picked up by a larger tech company. Specifically, these reports make mention of Alphabet (NSDAQ:GOOG,GOOGL), which is Google's parent company, reports Reuters.The idea of Alphabet picking up Fitbit is an interesting one. Fitbit has had trouble dealing with larger rivals in the wearables market, like Apple (NASDAQ:AAPL). With the help of Alphabet, the company's devices may stand a better chance at reaching more customers. * 7 Worst Stocks in the S&P 500 in 2019 Fitbit and Google coming together isn't unheard of. Back in 2018, the two companies reached an agreement that connects the FIT wearable devices to medical records systems. It also switched over to Google's cloud services as well, reports USA Today.FIT stock was up 1% as of Monday afternoon, but is down 23% since the start of the year.As of this writing, William White did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Worst Stocks in the S&P 500 in 2019 * 7 Reasons to Own Intuit Stock -- The Unsung Hero of Fintech * Apple and 4 Other Tech Stocks on the Move The post Fitbit News: FIT Stock Moving on Sale Rumors appeared first on InvestorPlace.

  • Investors are 'due for a very big wake-up call': top money manager
    Yahoo Finance

    Investors are 'due for a very big wake-up call': top money manager

    Why this influential money manager thinks investors are in for a rude awakening very soon.

  • Christine Lagarde Weighs In on Trump’s Trade War
    Market Realist

    Christine Lagarde Weighs In on Trump’s Trade War

    Incoming European Central Bank President Christine Lagarde says "the threat against trade at the moment is the biggest hurdle for the global economy."

  • Google Cloud Bets $3.3 Billion More: Huge Opportunity
    Market Realist

    Google Cloud Bets $3.3 Billion More: Huge Opportunity

    Google Cloud plans to spend $3.3 billion more to expand its data center presence across Europe over the next two years, competing with Amazon and Microsoft.

  • India Announces Tax Reforms to Spark Its Economy
    Market Realist

    India Announces Tax Reforms to Spark Its Economy

    On Friday, India’s Finance Minister announced tax reforms to reignite the country's economy. Its corporate tax rate fell by 8 percentage points to 22%.

  • Google launches subscription service for select apps and games
    Reuters

    Google launches subscription service for select apps and games

    Priced at $4.99 per month, the service is similar to Apple Inc's Apple Arcade, the iPhone maker's gaming subscription service for mobile devices and desktop computers. Google's Play Pass will be available on Android devices in the United States this week and will be rolled out to additional countries soon, the company said in a blog post.

  • Google Braces for Landmark Global Privacy Ruling
    Bloomberg

    Google Braces for Landmark Global Privacy Ruling

    (Bloomberg) -- Google is bracing for another landmark privacy decision at the European Union’s top court, five years after a “right-to-be-forgotten” ruling forced it to delete links to personal information on request.The EU Court of Justice will rule Tuesday on the U.S. giant’s follow-up fight with a French data-protection regulator over whether the right should apply globally and where to draw the line between privacy and freedom of speech.The Alphabet Inc. unit is challenging the French authority’s order to remove, on demand, links on all of its platforms across the world if they lead to websites that contain out of date or false information that could unfairly harm a person’s reputation. Judges may also clarify what links can stay online in the public interest.For Google, the fate of the internet is at stake. The 2014 ruling already forces it to offer up different search results in Europe than the rest of the world. France’s CNIL says Google should purge those results globally. The company and its supporters, including press freedom groups, have warned that internet freedom would be brushed aside if less democratic parts of the world embraced the same policy.Creating a global right to be forgotten “would create a serious clash with U.S. concepts of freedom of speech” and it could also be used by other states to “suppress search results on a global basis,” according to Richard Cumbley, a lawyer at Linklaters in London, not involved in the case.The EU court is hard to second-guess. The initial ruling shocked Google by rejecting its arguments that the search-engine was merely a neutral pathway for serving up information. The decision effectively left it to Google to decide if a link that someone asked to be deleted contained something that was “no longer relevant.”Since 2014, Google has had to weigh nearly 850,000 separate requests to remove links to some 3.3 million websites. Its staff have taken on a semi-regulatory role to strike a balance between what information should stay public and what should now be removed.The court now will have to spell out how widely Google should remove the links. Should it pull links viewed in one country or across Europe? Must it strip them from local sites such as France’s google.fr or also on the global google.com domain -- and what should it do if they’re accessed from France, Europe or elsewhere?Since 2016 the company has used so-called "geoblocking" to filter all Google site results to Europeans so they won’t see information a person in their country wants to limit.The EU court will also have to weigh whether Google can refuse to remove some information that might be in the public interest. It will advise French courts over a dispute on deleting links over a personal relationship with a public office holder and an article mentioning the name of a Church of Scientology public relations manager.Judges in London and Paris have been sympathetic to efforts to suppress unflattering information. Last year a London court told Google to remove news reports about businessmen’s criminal convictions, in line with an English law that aims to aid people to put past crimes behind them. Paris judges also told Google to reduce the visibility of stories about a former chief financial officer fined for civil insider-trading violations.Mountain View, California-based Google and France’s privacy authority CNIL declined to comment ahead of the ruling.Privacy has become a battleground for internet giants in Europe. Google has faced numerous privacy probes across the region, including scrutiny of contractors listening to audio from its digital home devices and data processing for ads. The company was fined 50 million euros ($55 million) by France’s CNIL earlier this year over lack of transparency for its privacy policy and for failing to correctly processing user data for ads. It was one of the first penalties levied under powerful new data-protection rules.Google’s importance as the leading search engine in Europe has led to an EU declaration that it dominates the European market. The company is separately challenging billions of euros in antitrust fines at the same EU courts in Luxembourg.The cases are: C-507/17, Google (Portee territoriale du dereferencement);C-136/17, G. C. e.a. (Dereferencement de donnees sensibles).(Updates with detail of Google’s arguments in fourth paragraph.)\--With assistance from Stephanie Bodoni.To contact the reporter on this story: Aoife White in Brussels at awhite62@bloomberg.netTo contact the editors responsible for this story: Anthony Aarons at aaarons@bloomberg.net, Peter Chapman, Molly SchuetzFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • This Connection Between Alibaba and TikTok Means Big Bucks for BABA Stock
    InvestorPlace

    This Connection Between Alibaba and TikTok Means Big Bucks for BABA Stock

    The social media video app TikTok is taking the U.S. by storm. Douyin, the Chinese version of the app, could be even bigger. In fact, it may end up a cash cow for Alibaba Group (NYSE: BABA) stock.Source: Nopparat Khokthong / Shutterstock.com What Is Douyin?TikTok was the single most downloaded app on the iOS platform in the U.S. in August. The short video clip platform's app was downloaded 12.1 million times last month, more than Alphabet's (NASDAQ:GOOGL,NASDAQ:GOOG) YouTube or Facebook's (NASDAQ:FB) Instagram and WhatsApp. On the Android platform, TikTok generated another 36.6 million U.S. downloads, topped only by WhatsApp at 47.2 million. * 7 Triple-'F' Rated Stocks to Leave on the Shelf TikTok may be the latest smash social media hit in the U.S., but it's not new to China. In fact, TikTok parent company ByteDance is based in China and launched the original version of TikTok in China back in 2016. The app is called Douyin, and it has 320 million daily active users as of July, according to KeyBanc. That's user count is roughly in-line with the entire population of the U.S. (327 million).InvestorPlace - Stock Market News, Stock Advice & Trading Tips Douyin and BABA StockLast year, Douyin announced it was making a push to monetize its highly successful platform. One way of doing so would be by integrating external shopping links to its platform.By adding tiny shopping cart logos to the Douyin user interface, users can connect directly to products listed on Alibaba's Taobao and Tmall e-commerce platforms."[Douyin] can be strong weapon for e-commerce, especially for Alibaba Group and Tencent, which want to reach to younger consumers and those living in smaller cities," Lu Zhenwang, CEO of Wanqing Consultancy, told the South China Morning Post last year. The NumbersKeyBanc analyst Hans Chung recently did a deep dive into how much Douyin could mean for BABA stock. Chung estimates the Chinese version of TikTok will generate more than $14 billion in incremental gross merchandise value per year for Alibaba stock. In a bull case scenario in which Douyin shopping takes off, that number could jump to $36.6 billion per year, Chung says.KeyBanc estimates Alibaba Group already generated more than $2.1 billion in GMV from Douyin in 2018. In June, Alibaba implemented an additional 6% take rate in service fees charged on third-party transactions. Those new fees cover purchases made via Douyin.Chung says the massive success of Douyin and the fact that its growth is still in the early stages could move the needle of Alibaba's already gigantic numbers.Based on his estimates of projected GMV and take rate, Chung says Douyin could generated an additional $718.7 million in annual revenue for BABA stock. On the earnings front, Douyin could be worth $577.8 million in annual EBITDA, or about 18 cents in EPS per Alibaba stock share. Based on KeyBanc's fiscal 2019 EPS estimate for BABA of $5.72, Douyin could single-handedly boost EPS by more than 3%.KeyBanc found that the number of fans of the top 100 "key opinion leaders" on Alibaba's Taobao Live Streaming platform nearly doubled from March to August of this year. Chung says monetizing the meteoric rise in popularity of these KOL influencers in China represents a major opportunity for Alibaba."As content/KOL-driven models prevail in the consumer's path to purchase and present higher conversion, we view BABA as the biggest beneficiary of this secular trend," Chung says.KeyBanc has an Overweight rating and $245 price target for BABA stock. TakeawayU.S. investors have used BABA stock as a means of short-selling China throughout the trade war. However, despite the trade war headwinds, Alibaba continues to report staggering growth numbers. Back in June, I suggested investors buy BABA stock on the trade war dip. Since that time, Alibaba reported June quarter revenue growth of 42%, and the stock is up roughly 20%.I also predicted that Alibaba's massive trove of short sellers would soon be facing a tough decision. If and when a trade deal is reached, BABA stock could skyrocket. In the month of August, BABA stock short sellers covered more than $1.2 billion of their short positions. In fact, BABA's outstanding short position has dropped from more than $20 billion to just $3.3 billion since March. * 7 Worst Stocks in the S&P 500 in 2019 China is scary these days for U.S. investors. But ultimately, the U.S. and China will reach a trade deal. The two nations each have too much to gain from a deal for the dispute to go on forever. Regardless, BABA stock keeps kicking out growth numbers that put all its U.S. tech counterparts to shame. Alibaba's partnership with Douyin is just one of a long list of reasons BABA stock is the best play on the largest emerging market economy in the world.As of this writing, Wayne Duggan was long BABA stock. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Worst Stocks in the S&P 500 in 2019 * 7 Reasons to Own Intuit Stock -- The Unsung Hero of Fintech * Apple and 4 Other Tech Stocks on the Move The post This Connection Between Alibaba and TikTok Means Big Bucks for BABA Stock appeared first on InvestorPlace.

  • Amazon Stock Down as Morgan Stanley Cuts Price Target
    Market Realist

    Amazon Stock Down as Morgan Stanley Cuts Price Target

    Amazon (AMZN) stock is down 0.5% today and is trading at $1,785. Morgan Stanley lowered AMZN’s 12-month price target from $2,300 to $2,200.