GOOG Mar 2020 1240.000 call

OPR - OPR Delayed Price. Currency in USD
0.00 (0.00%)
As of 3:35PM EDT. Market open.
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Previous Close72.10
Expire Date2020-03-20
Day's Range87.70 - 87.70
Contract RangeN/A
Open Interest26
  • Google to unveil the Pixel 4 smartphone in New York
    Yahoo Finance Video

    Google to unveil the Pixel 4 smartphone in New York

    Google is going to formally introduce the Pixel 4 smartphone at a Made by Google event in New York on Tuesday. Yahoo Finance tech editor Dan Howley joins Myles Udland and Heidi Chung to talk about the improvements being made to this phone as Google attempts to gain some ground on Apple and Samsung.

  • Google to unveil new Google Pixel 4 at NYC event
    Yahoo Finance Video

    Google to unveil new Google Pixel 4 at NYC event

    Google is set to unveil its Google Pixel 4 smartphone at an event in New York City tomorrow. The phone will have two cameras instead of one and will include a radar chip for more secure facial recognition. Yahoo Finance's Brian Sozzi and Dan Howley discuss.

  • Paytm Nears $2 Billion From Backers Including SoftBank, Ant

    Paytm Nears $2 Billion From Backers Including SoftBank, Ant

    (Bloomberg) -- Indian fintech giant Paytm is close to scoring $2 billion of new financing from investors including Jack Ma’s Ant Financial, Japan’s SoftBank Group Corp. and Rob Citrone’s Discovery Capital Management to fend off an influx of new rivals, a person familiar with the matter said.The funding will be split evenly between equity and debt and values the country’s top online financial services firm at $16 billion, the person said, asking not to be identified talking about a private deal. The talks are in their final stages but the terms could still change, the person added.If a deal is finalized, Paytm could outstrip fellow high-profile Asian startups such as Grab and Gojek in valuation. Billionaire Paytm founder Vijay Shekhar Sharma is raising capital to protect the startup’s share of a potentially $1 trillion Indian payments market from new entrants including Facebook Inc., Alphabet Inc.’s Google and Walmart Inc.-owned Flipkart’s PhonePe. Over the past year, a string of new apps have made payments increasingly easy, bringing discounts and cash bonuses to young, smartphone-savvy users.Credit Suisse Group AG now estimates that the Indian digital payments market will touch $1 trillion by 2023 from about $200 billion currently. It’s a market with huge potential: Cash still accounts for 70% of all Indian transactions by value, according to Credit Suisse, and neighboring China is far more advanced with a mobile payments market worth more than $5 trillion.“India is a large market,” said Kunal Pande, head of financial services risk consulting at KPMG. “Digital payments adoption is growing quickly, yet there is room for massive growth as users get comfortable transacting digitally. The large business opportunity makes it attractive for both domestic startups and large global players.”Read more: Facebook and Google Chase a New $1 Trillion Payments MarketPaytm, which is also backed by Alibaba Group Holding Ltd., declined to comment in response to emailed questions. SoftBank wasn’t immediately available for comment during a Japanese national holiday. Ant had no immediate comment when contacted. Discovery Capital declined to comment.Paytm has in a decade become India’s biggest digital-payments brand, attracting big names in investing from Ma and SoftBank founder Masayoshi Son to Warren Buffett. Paytm’s Sharma got a huge boost in 2016 after India’s government moved to eliminate most of the nation’s paper money in circulation in a bid to curb corruption. His startup, a pioneer in the country’s nascent field, saw tens of millions of consumers and hundreds of thousands of businesses sign up for digital services in a matter of months.The entrepreneur is now extending his online empire into e-commerce and banking, even as others encroach on his turf. The Indian payments market remains a chaotic field where the rules are hazy on what players can offer, yet its promise has lured a string of competitors including Indian banks, its postal service and its richest man, Mukesh Ambani.Ant Financial, China’s largest provider of internet financial services and one of Paytm’s earliest backers, has said it will continue investing in mobile-payment providers around the world to boost offshore revenue and buttress itself from rising competition and tighter regulation at home.It’s not clear how much SoftBank would contribute, but the Japanese company is going through a rocky stretch. SoftBank’s shares are down about 30% from their peak this year as investors, unnerved by the WeWork turmoil and Uber Technologies Inc.‘s disappointing debut, grow skittish about startup valuations.(Updates to include Discovery Capital as an investor in first paragraph.)\--With assistance from Lulu Yilun Chen and Hema Parmar.To contact the reporter on this story: Saritha Rai in Bangalore at srai33@bloomberg.netTo contact the editors responsible for this story: Arijit Ghosh at, ;Sarah Wells at, Edwin Chan, Vincent BielskiFor more articles like this, please visit us at©2019 Bloomberg L.P.

  • This breakthrough technology unmasks deepfake videos

    This breakthrough technology unmasks deepfake videos

    Fake news is a well-documented problem. AI-generated videos (also known as deepfakes) and images are easier to come up with than ever before. It’s easy to see how such content published on social networks or by reputable media outlets could be used to manipulate public opinion.

  • Launches Flights Through Partnership Across Europe
    Skift Launches Flights Through Partnership Across Europe has unveiled the next piece in its evolution toward becoming a full-service online travel agency — flight bookings in seven European countries. This is believed to be the first time that has offered standalone flight bookings other than through sister company Kayak. The difference is now that when travelers using sites and […]

  • Bloomberg

    Apple Criticized for Sending Some Browsing Data to Tencent

    (Bloomberg) -- Apple Inc. came under fire on Monday for sending web browsing data, including IP addresses, to China’s Tencent Holdings Ltd., the latest criticism of how the company operates in the world’s most populous nation.For about two years, Apple has been sending data to Tencent as part of an iPhone and iPad security feature that warns users if a website is malicious or unsafe before they load it. The U.S. company checks addresses against an existing list of sites known to be problematic. That list is maintained by Tencent for users in mainland China and by Google for other regions, including in the U.S.In newer versions of Apple’s iOS operating systems, the company says this feature “may also log your IP address,” potentially providing Tencent, a Chinese internet conglomerate with government ties, data such as a user’s location. The safe browsing feature with Google was first added to iOS in 2008, but it was expanded to include Tencent with iOS 11 in 2017. Apple updated its description of the feature in more recent versions of iOS.“We deserve to be informed about this kind of change and to make choices about it,” Matthew Green, a cryptographer and professor at Johns Hopkins University, wrote in a blog post. “Users should learn about these changes before Apple pushes the feature into production, and thus asks millions of their customers to trust them.”This isn’t the first time Apple has been criticized for working with a Chinese company to handle local data. In 2018, Apple partnered with Guizhou-Cloud Big Data to store iCloud data locally for users in mainland China.More recently, Apple has been scrutinized for appeasing China. BuzzFeed recently reported that Apple told creators of shows for its TV+ streaming service to avoid portraying China in a poor light. The company recently removed the Taiwanese flag from the emoji keyboard on devices running in Hong Kong and Macau, after earlier pulling it from Mainland China. It also came under fire for removing a maps app in Hong Kong that the developer said was designed to help users avoid areas of protest. Apple said it was following local laws in both instances.Apple said in a statement that the feature protects user privacy and safeguards people’s data. The checks occur on the devices, and the actual web addresses are never shared with Tencent and Google, the safe browsing providers. The feature is on by default, but can be switched off, Apple also said. The IP address of a user’s device is shared when a website is found to be suspicious and a warning is sent.Some users were concerned that data would be sent to Tencent globally because the firm is mentioned even on iPhones outside of China. Apple will likely clarify this in a future version of iOS.The feature can be disabled under the Privacy & Security section in the Settings app by tapping the “Fraudulent Website Warning” toggle. If a user does that, IP addresses won’t be shared, but Apple also won’t be able to check websites against Tencent’s or Google’s lists.(Updates with more comments from Apple in seventh paragraph.)To contact the reporter on this story: Mark Gurman in San Francisco at mgurman1@bloomberg.netTo contact the editors responsible for this story: Tom Giles at, Alistair Barr, Andrew MartinFor more articles like this, please visit us at©2019 Bloomberg L.P.

  • 6 'Mini-FANGs' That Are Crushing The Big Techs

    6 'Mini-FANGs' That Are Crushing The Big Techs

    Magic touch: Today, when it comes to technology stocks, big may be beautiful, but small may be smart.

  • MarketWatch

    Apple set to reclaim market-cap title from Microsoft for first time in 6 months

    Shares of Apple Inc. rose 0.6% in morning trading Monday, enough for the technology giant to reclaim the No. 1 spot on the list of largest U.S. companies by market capitalization. Based on most recent filings disclosing shares outstanding, Apple's market cap was now at $1.074 trillion, while Microsoft Corp.'s stock slipped less than 0.1% to lower the software giant's market cap to $1.066 trillion. That puts Apple on track to close at No. 1 for the first time since April 17. Apple and Microsoft remain well above third-place Inc. , currently valued at $853.1 billion, and above fourth-place Google-parent Alphabet Inc. at $848.2 billion. Apple's stock has run up 16.9% over the past three months and Microsoft shares have tacked on 0.5%, while the Dow Jones Industrial Average has slipped 1.9%.

  • Bloomberg

    The Rise of the Economists

    (Bloomberg Opinion) -- Out of the destruction of the postwar economies, came the rise of the economists. This is the tale that journalist Binyamin Appelbaum, this week's guest on Masters in Business, chronicles in his new book, "The Economists’ Hour: False Prophets, Free Markets, and the Fracture of Society."First in the U.S., then around the world, economists created new ideas about deficits, monetary and fiscal policy, trade, government spending and deregulation. Their influence could be seen as well in the rise of corporations that wielded enormous power with very little accountability. Appelbaum gives credit for this to economist Milton Friedman, who he said had a greater influence on 20th-century American life than any economist of his generation.Appelbaum is the lead business and economics writer for the New York Times editorial board. He was part of a team at the Charlotte Observer that in 2007 examined the high rate of housing foreclosures and questionable sales practices during the subprime mortgage crisis. The reporting won a Gerald Loeb award, a George Polk Award and was a finalist for the 2008 Pulitzer Prize in public service. His favorite books are here; a transcript is here.You can stream/download the full conversation, including the podcast extras on Apple iTunes, Overcast, Spotify, Google Podcasts, Bloomberg and Stitcher. All of our earlier podcasts on your favorite pod hosts can be found here.Next week, we speak with Fran Kinniry,  global head of portfolio construction at Vanguard.To contact the author of this story: Barry Ritholtz at britholtz3@bloomberg.netTo contact the editor responsible for this story: James Greiff at jgreiff@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Barry Ritholtz is a Bloomberg Opinion columnist. He is chairman and chief investment officer of Ritholtz Wealth Management, and was previously chief market strategist at Maxim Group. He is the author of “Bailout Nation.”For more articles like this, please visit us at©2019 Bloomberg L.P.

  • Wendy's is going through its biggest reinvention in 50 years
    Yahoo Finance

    Wendy's is going through its biggest reinvention in 50 years

    Big changes are coming to Wendy's in 2020. Yahoo Finance speaks with Wendy's CEO Todd Penegor about what's on tap.

  • Dow Jones Futures: Will China Trade Deal Caution Chill Stock Market Rally? 5 Giants Near Buy Points
    Investor's Business Daily

    Dow Jones Futures: Will China Trade Deal Caution Chill Stock Market Rally? 5 Giants Near Buy Points

    Stock futures: Beijing reportedly wants more talks before signing a "phase one" trade deal. Apple is at record highs while Microsoft, Google, Nvidia, Facebook, Visa are near buys.

  • 'Peak TV' Might Also Mean Peak Employment in Hollywood

    'Peak TV' Might Also Mean Peak Employment in Hollywood

    (Bloomberg Opinion) -- Working in the media can be lots of fun, but it hasn’t been the greatest place to build a career over the past two decades. Employment at print publishers has plummeted with the rise of the internet, and broadcasters have downsized too. The jobs created in new media, which in Bureau of Labor Statistics’ employment data fall mostly in the ungainly category of internet publishing and broadcasting and web search portals, come nowhere close to making up for the losses elsewhere since 2000.Still, there is one old media sector that has been holding up just fine: There are 11% more jobs in motion picture and sound recording industries in 2019 than there were in 2000.It sure isn’t the music business that’s driving these gains: according to the Bureau of Labor Statistics, employment in the industry is down almost 40% since 2001. There has been an increase in employment in motion picture and video exhibition, which may in part be due to the rise of more labor-intensive movie theaters that serve alcoholic beverages and nice food.(5) But most of job gains have come in motion picture and video production. In other words, Hollywood!The numbers above understate the total employment effect, as more jobs in motion picture and video production also mean more jobs for accountants, carpenters, caterers and all sorts of other people. And while we call it “Hollywood,” lots of the jobs are actually in New York, Atlanta and other locales.But it’s the trajectory that interests me here. Why has film and TV production held up so much better than other legacy media industries? And what’s up with that rise in the 1990s, the long flat stretch after 2000, and the rise from 2013 through 2017?In answer to the first question, Hollywood catered to a national, even global audience almost from the beginning, and thus hasn’t suffered from the collapse of local media business models in the way that newspapers and parts of broadcasting have. Relatedly, it also wasn’t so advertising-dependent, and thus has been less vulnerable to Facebook and Google’s conquest of the advertising industry. And while competition from user-generated media and video games has taken screen time away from Hollywood’s products and will continue to do so, there’s clearly still a lot of demand for high-quality narrative video.As for why Hollywood employment has risen over some periods but not others, I took a stab at annotating the chart.OK, the 1990s employment gains probably weren’t all or even mostly about HBO’s “The Larry Sanders Show.” That acclaimed comedy was an early (although far from the earliest) landmark in the rise of original series paid for by cable channels, which provided a lucrative new outlet for makers of TV series who previously had only the three big broadcast networks to sell to. Others included cartoons such as Nickelodeon’s “Ren and Stimpy” (which premiered in 1991) and MTV’s “Beavis and Butt-Head” (1993), and early reality series such as MTV’s “The Real World” (1992) and “Road Rules” (1994). Later in the decade came HBO’s high-end scripted series “Sex and the City” (1998) and “The Sopranos” (1999). Boom times for U.S. movie makers may have had as much or more impact on the 1990s jobs numbers than TV did. Domestic ticket sales rose after a flat 1980s, foreign markets grew in importance and the rise of the DVD created a big new revenue stream. From 1990 to 1998, according to consulting firm Monitor Deloitte, the number of U.S.-developed theatrical films rose 67%, from 319 to 534, while the number of U.S.-developed TV productions of all sorts rose 36%, from 397 to 541. Those higher production volumes brought pressure to cut costs. One reaction was to do more filming abroad. Another was to increase reliance on reality shows, which usually require a lot fewer people (especially unionized people such as actors and writers) than scripted programs. Competition-based reality TV first took off in Europe in the 1990s, and after CBS brought “Big Brother” (originally from the Netherlands) and “Survivor” (from the U.K. and Sweden) to the U.S. in 2000, the format for a time seemed destined to completely take over broadcast TV here. Hollywood was able to keep employment steady through this reality-TV onslaught thanks to overseas movie markets plus continued growth in the number of scripted shows on cable, but the trend did not seem to be the industry’s friend.Then Netflix came to the rescue with “House of Cards,” the first of a flood of original programming that it and rival streaming providers commissioned to lure and keep customers. The number of scripted series for television nearly doubled from 2011 to 2018, according to FX Networks, with streaming services accounting for the vast majority of the gains.Can it continue? The 495 scripted series that aired in 2018 amounted to only a modest rise over 2017’s 487, a slowdown that seems to be reflected in the jobs numbers. The past few years might turn out to have been “peak TV,” and peak employment in motion picture and video production might turn out to have come and gone.Or it might not. This has proved to be quite the resilient industry, after all. The Bureau of Labor Statistics is still projecting a 5.5% increase in motion picture and video industry(2) employment through 2018. The narrow occupational categories expected to see the biggest employment gains are:film and video editors, 3,800 new jobs  producers and directors, 3,000 new jobsPart of what’s going on is that social media networks, YouTube and other nontraditional content channels — and advertisers —are hungry for programming that doesn’t require Hollywood-level production budgets but does still need people to create, direct, edit and produce it. These generally aren’t Martin-Scorsese-type jobs. Still, if you’ve always wanted to direct, it’s nice to know that you needn’t give up hope just yet.(1) The number of waiters and waitresses working in motion picture and video industries has risen from 510 in 2010 to 3,510in 2018, and the number of bartenders from 150 to 1,910.(2) That is, including distribution, exhibition and post-production as well as production.To contact the author of this story: Justin Fox at justinfox@bloomberg.netTo contact the editor responsible for this story: Sarah Green Carmichael at sgreencarmic@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Justin Fox is a Bloomberg Opinion columnist covering business. He was the editorial director of Harvard Business Review and wrote for Time, Fortune and American Banker. He is the author of “The Myth of the Rational Market.”For more articles like this, please visit us at©2019 Bloomberg L.P.

  • VSCO Shot to Fame as a Hot Summer Meme. Can it Keep the Momentum and its Soul?

    VSCO Shot to Fame as a Hot Summer Meme. Can it Keep the Momentum and its Soul?

    (Bloomberg) -- VSCO got its start in 2011 as a software program to help professional and hobby photographers edit and enhance their work, using both traditional touch-up tools and more creative ones like gauzy, colorful filters. In the past six months, it has become famous for something else. Credit the VSCOgirls.Through little effort of its own, VSCO was catapulted into the global limelight this summer. Teenagers and young women discovered that VSCO’s filters perfectly captured a certain carefree, beachy aesthetic, inspiring thousands of snapshots of long-haired girls clutching Hydro Flask water bottles and sporting Birkenstock sandals to pose in sun-kissed, wind-swept photos. As the trend gained momentum, it also turned into a meme, often coming off as a parody of itself. Posts tagged VSCOgirl flooded Instagram and TikTok, and the theme even showed up at the Global Climate Strike. The free publicity has drawn in a new cohort of users who saw the hashtag on their social media feeds and tracked down the VSCO app. They liked what they found—  not only original photo-editing tools but also an online, low-pressure community of creatives. Think of it as Instagram, but with no likes or follower counts. Joel Flory, co-founder of Visual Supply Co., as it’s officially known, isn't complaining. The surge in interest has boosted the app to No. 7 in its category on Google Play and Apple Inc.’s App Store, from a rank in the double digits in May. Twenty-one million, or more than 10%, of the app’s total 200 million downloads since 2011, have come from May 1 through the end of September, according to researcher App Annie.As more young people flock to VSCO, the challenge for the company will be to leverage the audience it’s gained from Instagram and TikTok to keep and extend this new user base. And convince more people to sign up for a $20 annual subscription—   without sacrificing its status as a creative sanctuary.Flory started VSCO – based in Oakland, California, and pronounced to rhyme with “Frisco” – with Greg Lutze as a place for creative professionals like themselves. In the beginning, VSCO sold filters for photographers using Adobe Lightroom and Photoshop to help enhance images and streamline the editing process. In 2012, they launched a mobile app and made money by charging for individual filters or packages of them. Next came the VSCO Grid, an in-house social network that allowed users to follow each other and share their work. Eventually the company added more social-media type features, such as the ability to message people and to republish other’s posts. Even as it became more like Instagram, VSCO made a conscious decision to draw some distinct lines.In fact, Flory attributes VSCO’s recent surge to all of the ways it’s different from Facebook Inc.’s Instagram, which thrives on likes, a tally of followers, sponsored influencers and ads. VSCO has none of those metrics. What attracts people to VSCO is its focus on expression and creativity without any pressure for social validation, according to Flory. “We don’t sell ads, we don’t sell data,” says Flory, 39. “We sell something that people find value in directly paying for. We’ve been very intentional about that from day one.”Some of VSCO’s 20 million weekly users have indeed found value in sharing their personal posts outside the social media circus. Jesse Calderon, 19, who has been using VSCO since 2014, said that when she was in high school people used it as a “secret Instagram,” because it was a more carefree space. Eleanor Larson, 18, said she’s had VSCO since junior high and after starting out using it just to edit photos, she now also uses it to post digital art and journal entries. VSCO is for her “work in progress,” whereas Instagram is for “finished products,” she said.While viral, monetizable social interaction and influence is what led Facebook to acquire Instagram in 2012 for almost $1 billion, there’s been a growing backlash against the need for posts to be “Instagram perfect,” and an increasing sense that social networks can encourage comparisons to an unreachable ideal. Instagram itself announced earlier this year that it was considering hiding like counts on posts, hoping to center users’ focus on the actual content shared, rather than the number of likes they get.  VSCO, which Flory likes to describe as a creative community where people go to express their real selves rather than worrying how other people see them, has benefitted from the growing disillusionment with the potential negative emotional and mental-health effects of social media.Markus Cooper, 19, who runs an Instagram account with more than 2 million followers, says VSCO has been popular for years as a way to edit photos. Recently he feels like it’s become more of a social network, but “a healthier space than Instagram. Just because there’s no likes there’s no comments there’s no nothing.”  Cooper recently shared his first photo on VSCO’s feed.The company has evidence it’s onto something. In a recent study, VSCO found that its users, 75% of whom are under 25, appreciate the platform as a place where they can post whatever they want without concern of judgment from their peers. It also showed 82% of Gen Z-ers – roughly those age 10 to 25 – surveyed refrained from posting things online out of fear of what others might think.Last year, VSCO’s paid subscribers reached 2 million, and Flory said the company is on pace to nearly double that this year. Paid subscribers get access to more than 130 preset filters, as well as advanced editing tools including for video. The free version offers about 10 basic filters.Revenue in 2018 doubled from the previous year to $50 million, according to Forbes – the company doesn’t disclose financial information and declined to comment on revenue. VSCO recently announced it’s opening a new office in Chicago and plans to add 20 employees to its current workforce of more than 150. Backed by $90 million in venture capital from Glynn Capital Management and Accel, VSCO was valued at $550 million in 2015, according to Pitchbook. It’s probably worth more than that today, VSCO said, without providing a more specific updated valuation. Photographer Nesrin Danan, 24, said VSCO is her go-to app for editing personal iPhone photos, although she doesn’t use it for her professional work capturing music artists including Shawn Mendes to A$AP Rocky. For Danan, VSCO has always been a place she edits images before posting elsewhere. So she was surprised at some of the comments she received when she spoke at a convention for young influencer-hopefuls, called Brand Camp, earlier this year. “They were like, ‘We don’t even post on Instagram anymore, we just post on VSCO,’” Danan recalls. The high school attendees told her that feedback such as likes and follows wasn’t important. VSCO just looked cool.John Barnett, co-founder of Chroma Labs, and a former Instagram product manager whose resume includes inventing Boomerang, says for Gen Z, “visual creation is their thing. Successful apps over the last decade that you see are apps that give teens tools to express themselves.” Of course all memes have a life cycle and sooner or later VSCOgirls will be overtaken by something else. But Flory isn’t worried. He’s seen plenty of trends come and go on VSCO and says the site is ``anything but one side, one perspective or one stereotype.” Flory says he sees it as  “a win-win, because really all it is, is an opportunity that creates a sense of awareness.  And once VSCO is in someone’s mind they’ll go seek out what it is.”To contact the author of this story: Kiley Roache in New York at kroache@bloomberg.netTo contact the editor responsible for this story: Molly Schuetz at, Andrew PollackFor more articles like this, please visit us at©2019 Bloomberg L.P.

  • Texas energy data wrap: Google reaches agreement backing new solar farm
    American City Business Journals

    Texas energy data wrap: Google reaches agreement backing new solar farm

    Alphabet Inc. (Nasdaq: GOOG), through its better-known subsidiary Google, made a slew of power purchase agreements at the start of the month backing renewable power projects around the world. It and other large corporations — like Inc. (Nasdaq: AMZN), Nike Inc. (NYSE: NKE) and Ikea — reach deals buying renewable power from companies building generation facilities in Texas, and the companies that sell them power often turn to Texas taxing institutions for economic incentives in turn.

  • Why Disney's Valuation Can Rise $55 Billion on New Streaming Magic

    Why Disney's Valuation Can Rise $55 Billion on New Streaming Magic

    Walt Disney Co. (DIS), whose stock has led the market this year, is likely to rise as much as 25% from its early October trading price as the company expands its direct-to-consumer streaming strategy, according to Morgan Stanley analyst Benjamin Swinburne, per Barron's. The Morgan Stanley bull reiterated his outperform rating on shares of the entertainment behemoth and a $160 price target, citing its breadth of content and production capabilities. Within that initiative, Disney+ should grow to about 15.5 million subscribers by September of next year, and 75.5 million by the end of 2024.

  • [video]Alphabet Is Cheap Now, But It Won't Remain This Inexpensive Forever

    [video]Alphabet Is Cheap Now, But It Won't Remain This Inexpensive Forever

    Alphabet has been a poor performer of late. In fact, tech giant's share price has merely risen about 7% over the past twelve months, outpacing the S&P 500 by a paltry 2 percentage points. However, the underlying enterprise is more entrenched today than it has ever been.


    Google's Deal for Looker Data Draws Fed Antitrust Review

    Google faces scrutiny from federal antitrust regulators for its proposed deal for Looker Data Sciences.

  • Google’s $2.6 Billion Looker Deal Said to Get Closer DOJ Review

    Google’s $2.6 Billion Looker Deal Said to Get Closer DOJ Review

    (Bloomberg) -- U.S. antitrust enforcers have started an in-depth review of Google’s $2.6 billion planned acquisition of a data analytics company, a further sign of greater scrutiny on big technology companies, according to people familiar with the situation.The antitrust division of the Justice Department is seeking more information from Google and Looker Data Sciences Inc. related to the deal to determine whether the tie-up harms competition, said one of the people, who asked not to be named discussing private matters.Alphabet Inc.’s Google announced June 6 it planned to buy Looker for its cloud unit, which lags far behind Inc. and Microsoft Corp. with just 4% of the cloud-computing infrastructure market as of 2018, according to the most-recent figures from analyst Gartner Inc.The deal was expected to receive added regulatory scrutiny. The in-depth Justice Department review, known as a “second request,” comes as antitrust authorities start historic probes of Google and other large tech companies. One issue for enforcers is whether tech giants have used acquisitions of smaller firms to thwart rivals and cement their dominance. The U.S. Federal Trade Commission, which also enforces antitrust laws, is investigating whether Facebook Inc.’s purchases of Instagram and WhatsApp were anti-competitive.Representatives from Google, Looker and the Justice Department declined to comment.The Justice Department and a coalition of attorneys general made up of most U.S. states in the country have opened antitrust cases against Google. Those probes are mostly focused on the company’s dominant search and advertising businesses.Looker, closely held and based in Santa Cruz, California, provides tools that lets companies analyze their data stored in the cloud, a service that competes with offerings from Amazon and Microsoft. When Google announced the deal, its cloud chief, Thomas Kurian, said the company would continue to let Looker customers use other cloud providers. Google doesn’t share cloud sales.Google once spent lavishly on companies, dropping billions on device makers Motorola and Nest, as well as experimental tech like satellites and robots. More recently, the company’s acquisitions have mostly been relatively small deals in the cloud sector.It’s common for antitrust authorities to open in-depth investigations for sizable mergers, but more recently have faced criticism for allowing large tech companies to buy startups as a way to gain footholds in new markets. That charge has been aimed at Google after its takeovers of Waze, DoubleClick and YouTube. The Justice Department in July announced a broad antitrust review of the big internet platforms in search, social media and online retail.To contact the reporters on this story: Mark Bergen in San Francisco at;Sarah McBride in San Francisco at;David McLaughlin in Washington at dmclaughlin9@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at, ;Sara Forden at, Andrew PollackFor more articles like this, please visit us at©2019 Bloomberg L.P.

  • Apple Stock Just Hit A Record High; But Is It A Good Buy? Here's What Earnings, Chart Say
    Investor's Business Daily

    Apple Stock Just Hit A Record High; But Is It A Good Buy? Here's What Earnings, Chart Say

    Apple stock has a $1 trillion market cap and an all-time high, though growth has slowed. Thinking about buying AAPL stock? This is what Apple earnings and stock chart show.

  • Apple's China controversy is the price of doing business
    Yahoo Finance

    Apple's China controversy is the price of doing business

    Apple's recent China controversy won't be the last the company faces while doing business in the country.

  • Benzinga

    Mortgage Industry Disruptor Expands Business Lines, Eyes $1B Valuation

    Benzinga is highlighting nominees for the fifth annual Benzinga Global Fintech Awards ahead of the event Nov. 19 in New York City. One nominee is the, a mortgage lending fintech. Background ...