GOOG - Alphabet Inc.
| Previous Close | 1,138.07 |
| Open | 1,144.00 |
| Bid | 0.00 x 800 |
| Ask | 0.00 x 1300 |
| Day's Range | 1,131.80 - 1,146.90 |
| 52 Week Range | 970.11 - 1,289.27 |
| Volume | 991,931 |
| Avg. Volume | 1,562,344 |
| Market Cap | 796.146B |
| Beta (3Y Monthly) | 0.99 |
| PE Ratio (TTM) | 28.75 |
| EPS (TTM) | 39.86 |
| Earnings Date | N/A |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 1,275.00 |
- TechCrunch•8 hours ago
Google's bigger smart display arrives this fall
Google is just a couple of months away from releasing its first smart homedevice with an onboard camera
- Yahoo Finance•14 hours ago
Amazon, Facebook each spent more than $4M lobbying DC last quarter
Amazon, Facebook, Google and Apple spent a combined $12.7 on federal lobbying in the second quarter of 2019.
- Yahoo Finance•16 hours ago
Companies to Watch: trouble for Harley, Hasbro shines, change at TD Ameritrade
Harley-Davidson, Hasbro, TD Ameritrade, Microsoft and Google are the companies to watch.
- TechCrunch•20 hours ago
As tech giants face congressional investigation, states must step up regulatory oversight too
Tiffany Olson Kleemann ContributorTiffany Olson Kleemann is the chief executive officer of Distil Networks
- Bloomberg•2 hours ago
Trump Hasn’t Killed Huawei
(Bloomberg Opinion) -- Things aren’t so desperate for Huawei Technologies Co. after all.Just over a month ago we were told that the Chinese electronics giant was hunkering down for a drop of as much as 60 million units in overseas handset shipments this year. That was quite a blow, I wrote at the time, considering that consumer devices accounted for 45% of its revenue last year from sales of around 206 million units. This week, however, we learn that the target of U.S. sanctions is actually on track to post sales growth of around 30% in the first half of the year. The work by select teams to get critical components despite the ban and nail down fifth-generation mobile-network contracts are among key reasons for the suddenly sanguine revenue numbers, Bloomberg News reported Tuesday.Over the past year, the avalanche of news about Huawei has been dismal. The company is still on a U.S. blacklist that threatens to cut off supplies of American components and software, and its chief financial officer is under house arrest in Vancouver. While some U.S. tech executives have lobbied the Trump administration to ease restrictions on Huawei – which counts the likes of Alphabet Inc. and Intel Corp. among suppliers – the outlook remains uncertain. It’s unclear, at least to me, what end game U.S. President Donald Trump had in mind when he authorized the Department of Commerce to blacklist Huawei. (Trade war leverage certainly seems to have been part of it.) But it’s hard to believe administration officials would be so naive as to think they could shutter the company. Now Huawei’s victimization narrative has united Chinese, from bureaucrats to ordinary citizens, behind a common goal of technology independence. Trump may not realize it, but he’s fired the starting gun on a technology cold war that could wind up strengthening China’s homegrown champions.If Huawei can keep its 30% pace of sales growth through to the end of the year, it will have pulled off its strongest annual revenue increase since 2016. A lot of that will come from network equipment sales – with the smartphone market in a funk – and because we’re at the start of another capex cycle, as global telecom operators start to install fifth-generation systems.To be sure, Huawei might not get the same levels of market share it did for 4G networks. That’s not entirely due to the anti-Chinese campaign waged by the U.S. Some telcos are leaning toward options that give them more flexibility than they feel Huawei offers.We also can't ignore that half of the company’s revenue comes from overseas. Boosting demand at home could help compensate for lost business, but Huawei would still have to battle local rivals such as Xiaomi Corp., Oppo, Vivo and OnePlus for market share.The optimistic news about Huawei’s sales offers a bit of something for everyone. Skeptics can raise an eyebrow and claim that the Chinese company was crying crocodile tears over foreign attacks on its business. Fans, on the hand, can point to its resilience and determination. Both are correct.The bottom line is that Huawei is still in the fight – both in equipment and handsets – and it has the support of an entire nation behind it. That means it’s way too early to draft a eulogy for this Chinese hero.To contact the author of this story: Tim Culpan at tculpan1@bloomberg.netTo contact the editor responsible for this story: Rachel Rosenthal at rrosenthal21@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tim Culpan is a Bloomberg Opinion columnist covering technology. He previously covered technology for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
- Investor's Business Daily•3 hours ago
Dow Jones Futures: Facebook, Amazon, Google Fall On Big Tech Antitrust Probe; Chipotle, Snap, Texas Instruments Soar
Dow Jones futures: Amazon, Facebook, Google and Apple fell as the DOJ said will probe Big Tech online dominance. Chipotle Mexican Grill, Snap and Texas Instruments soared on earnings.
- MarketWatch•4 hours ago
Tech’s day of reckoning on Capitol Hill was long and harsh
Tech’s day of reckoning Tuesday on Capitol Hill started with skepticism about Facebook Inc.’s proposed digital currency, and ended with a spirited debate over charges of anti-conservative bias on Alphabet Inc.’s Google search. In between, the industry’s big four took some body blows from both political parties.
- MarketWatch•4 hours ago
Tech shares fall as U.S. finally admits it is investigating Big Tech for antitrust
After months of speculation and reports, the U.S. government openly announced Tuesday afternoon that it is investigating the largest U.S. tech companies for anticompetitive practices, an inquiry that could lead to antitrust charges.
- Investopedia•5 hours ago
DOJ Probing Facebook, Google, Apple and Amazon
The U.S. Department of Justice has launched an antitrust probe into leading online platforms, which may have consequences for the FAANG stocks.
- MarketWatch•6 hours ago
The Big Tech antitrust investigation may be a political game, but that doesn’t mean it will end quickly
The Justice Department’s broad-based inquiry into tech companies could be a politically motivated sabre-rattling investigation or a battle between two government agencies, but that doesn’t make it any less of a concern to investors in the most valuable companies in the U.S.
- Financial Times•6 hours ago
Department of Justice opens review into Big Tech’s market power
The US Department of Justice announced a broad antitrust investigation into the leading online platforms, raising the stakes in Washington’s scrutiny of Big Tech’s power over growing parts of the economy. The agency said it would look into how the platforms had achieved their market power, and whether they were “engaging in practices that have reduced competition, stifled innovation or otherwise harmed consumers”. Shares in those tech groups were down in after-hours trading, following the announcement. Facebook shares fell 1.8 per cent and Amazon stock slipped 1.1 per cent. Shares in Alphabet, Google’s parent company, recovered from a drop of more than 1 per cent to trade flat.
- Bloomberg•7 hours ago
Big Tech’s Canned Responses Won’t Cut It Anymore
(Bloomberg Opinion) -- The U.S. technology superpowers need better talking points — and fast.The U.S. Department of Justice said Tuesday that it would start reviewing how “market-leading online platforms” became big and whether they are squashing competition, limiting innovation or hurting consumers in other ways that may violate U.S. antitrust laws. The government didn’t name names, but rest assured you can throw Google parent company Alphabet Inc., Facebook Inc., Amazon.com Inc. and maybe Apple Inc. into that mix.This shouldn’t be a surprise to those tech giants or to anyone who has been following the news. It emerged in the last couple of months that the Justice Department and its antitrust counterparts at the U.S. Federal Trade Commission were divvying up responsibility for the U.S. tech powers to look into their compliance with the law. And just about the only bipartisan issue among politicians in Washington is bashing big technology companies for ills real or imagined.To state the obvious: Government investigators crawling all over Silicon Valley hunting for evidence of illegal monopolies is not at all good for the superpowers of the technology industry. Government inquiries are messy, lengthy, tricky to untangle from politics and impossible to predict. Investors know this, and it’s now clear that new legal constraints or regulatory crackdowns are among the biggest worries of tech investors.Now that the antitrust cops are coming in the door, the technology powers need to freshen their playbook in how they rebut questions about their size, power and influence. The playbook is not good.The standard lines — like the ones trotted out at a House of Representatives antitrust hearing last week — go something like this: Scrutiny of big companies is healthy, but do not worry about us. The titantic technology companies of America are not that big or powerful. Really, we could die at any moment. And we help people, businesses, American workers, the U.S. economy and democracy. Have we mentioned that if you hurt us, China might take over the world? (Stage note: Wave American flag.) All of that may very well be true. Amazon does help small businesses find buyers for their merchandise in a way that big retailers of the past never did. Google and Facebook do democratize the distribution of information and help local businesses find customers. Apple has created an app economy that never existed before. All these companies have made products that are genuinely useful and novel, and the success of these companies is a credit to the best of America. (Wave American flag again.) And they are not invincible. It’s possible changes in technology may leave them in the dust.But that is not the whole story, and that’s not all that government antitrust authorities care about. What they want to know, and what the public deserves to know, is whether these technology companies have used their success to cheat their way into more success. Have they used their muscle to tilt the game in ways that unfairly help them and hurt consumers by giving them ultimately inferior products and services? It’s not about the companies’ morals or even their size. What matters is what the technology superpowers do. The public and lawmakers cannot allow the technology companies to answer questions that are irrelevant or to engage in pedantic arguments about the companies’ size relative to the planet Jupiter. Let’s keep the focus on behavior. Does Google, as revealed in portions of an FTC staff report from earlier this decade, boost the web search rankings of its own local business listings above those of other companies — even when Google’s computer systems determine rival companies had more relevant information? (FTC commissioners unanimously voted not to pursue an antitrust lawsuit and possibly a breakup of what was then a smaller Google.) Do Apple or Amazon use their popular consumer products to nudge the dial in ways give their own apps or products an advantage over alternatives from other companies? That behavior is how consumers get hurt — and it happens even if people don’t feel as if they’re being taken advantage of.I read this June speech from the head of the Justice Department’s antitrust division and came away thinking he is dead serious about going after tech companies. Among the messages I heard was that antitrust cops don’t care if the tech companies make products people like, even if those companies have lowered prices or made free services. None of that absolves them of responsibility to play fair with their power and keep the competition fair for the good of consumers. Behavior and intent are not easy things to figure out. That’s why government investigators and congressional subpoenas are so powerful. They reveal the inner workings of powerful companies. The talking points don’t matter. Flag-waving doesn’t matter. What matters is what the companies do. To contact the author of this story: Shira Ovide at sovide@bloomberg.netTo contact the editor responsible for this story: Daniel Niemi at dniemi1@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Shira Ovide is a Bloomberg Opinion columnist covering technology. She previously was a reporter for the Wall Street Journal.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
- Market Realist•8 hours ago
Google Ups the Ante for Ad Targeting
Google has announced that it's going to start adding third-party ad targeting and browser privacy restrictions to Google Chrome.
- Bloomberg•9 hours ago
Big Tech Hit With Broad U.S. Antitrust Probe as Scrutiny Mounts
(Bloomberg) -- The Justice Department said it’s investigating whether dominant technology companies are thwarting competition in their markets, stepping up scrutiny of the industry’s biggest names as they come under fire in Washington.The department’s antitrust division will look at concerns that consumers, businesses and entrepreneurs have expressed about search, social media, and online retail, according to a statement Tuesday. The statement didn’t name any companies.“Without the discipline of meaningful market-based competition, digital platforms may act in ways that are not responsive to consumer demands,” said Makan Delrahim, the head of the department’s antitrust division. “The department’s antitrust review will explore these important issues.”The announcement marks the latest sign of the escalating scrutiny facing tech companies in Washington from lawmakers and antitrust enforcers. The giants of the industry are under fire over massive collection of user data, failing to police content on their platforms, and claims that they are harming competition and reducing choices for consumers.President Donald Trump has railed against many of the biggest names in the industry for silencing conservative viewpoints. Earlier this month, he said he’d summon social media companies to discuss political bias on their platforms.For More: Big Tech Is Taking a Bipartisan Beating All Over WashingtonAmazon.com Inc., Alphabet Inc.’s Google, Apple Inc. and Facebook Inc. declined to comment on the Justice Department’s statement. Shares of Facebook, Amazon and Alphabet all fell on the news. Facebook dropped 1.5%, Amazon was down less than 1%, in extended trading around 5:49 p.m. in New York, while Google and Apple rose less than 1%.“We ultimately believe this is more noise versus the start of broader structural changes across the tech food chain,” said Webush analyst Daniel Ives, writing in a note with three other analysts. He said the inquiry “will likely result in business model tweaks and potential DOJ/FTC fines in a worst-case scenario, rather than forced breakups of the underlying businesses.”Last week, executives from the four companies were grilled by the House antitrust panel, which is investigating whether dominant companies are thwarting competition and harming innovation.On Tuesday, the chairman of that committee, Democrat David Cicilline of Rhode Island, sent follow-up questions to Facebook, Amazon and Google, saying he was “deeply troubled” by the companies’ “evasive, incomplete, or misleading answers.”The Justice Department move, first reported by the Wall Street Journal, comes after the antitrust division and the FTC took early steps toward investigating four of the biggest tech companies, with the Justice Department taking oversight of Google and Apple and the FTC getting Facebook and Amazon.For More: Far From Silicon Valley, Trustbusters Plotted Big Tech AssaultThe Justice Department’s move followed the FTC’s decision in February to form a tech task force to examine conduct by companies and past deals in the industry.(Updates with analyst comment in eighth paragraph. An earlier version of the story was corrected to say that FTC started tech task force in February)\--With assistance from Naomi Nix.To contact the reporter on this story: David McLaughlin in Washington at dmclaughlin9@bloomberg.netTo contact the editors responsible for this story: Sara Forden at sforden@bloomberg.net, Ben BrodyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- MarketWatch•9 hours ago
Breaking up big tech would be a big mistake
The government, with some goading from their competitors, appears eager to apply antitrust enforcement to Facebook (FB) , Apple (AAPL) , Google (GOOG)(GOOGL) and (AMZN) (FAGA). This would be a terrible misuse of the law for market-dominance problems that emerging technologies will resolve and for privacy and security issues where bigness contributes little. To put one complaint aside — the increasing size of American tech companies has not caused stagnant wages.
- Benzinga•9 hours ago
WSJ: More Government Scrutiny Coming For Big Tech Companies
The big tech companies that dominate internet search, online shopping and social media will come under more scrutiny with the Justice Department reportedly broadening a government investigation into the ...
- Reuters•9 hours ago
UPDATE 2-Big Tech faces broad U.S. Justice Department antitrust probe
The U.S. Justice Department said on Tuesday it was opening a broad investigation of major digital technology firms into whether they engage in anticompetitive practices, the strongest sign the Trump administration is stepping up its scrutiny of Big Tech. The review will look into "whether and how market-leading online platforms have achieved market power and are engaging in practices that have reduced competition, stifled innovation, or otherwise harmed consumers," the Justice Department said in a statement.
- MarketWatch•9 hours ago
UPS seeks to expand drone deliveries, adds Sunday service and new pickup locations
United Parcel Service Inc. is responding to the growth in online shopping and pressures for speedy delivery by seeking to expand its drone deliveries and adding thousands of new spots where customers can pick up packages.
