The country’s Competition and Markets Authority is investigating mobile ecosystems controlled by Apple and Alphabet’s Google to work out if they need to obey a strict new law governing digital competition.
Google's strong market position is maintained through advanced algorithms, customer loyalty, and an extensive ecosystem. Read why GOOG stock is a Buy.
Alphabet ( GOOG 1.63%) ( GOOGL 1.58%) stock got a small lift on Tuesday, rising 2% higher through 10:30 a.m. ET. The move came in response to President Trump, in one of his first acts in office in his second term, signing an executive order that revoked another executive order (by his predecessor Joe Biden).
The Google stock price has jumped to a record high this year. Alphabet has become the cheapest company in the Magnificent 7
Indonesia's antitrust agency on Tuesday ordered Google to pay fines of around 202 billion rupiah ($12.4 million) for unfair business practices related to its payment system services for Google Play Store,
Google CEO Sundar Pichai is attending Donald Trump's inauguration, a source familiar with the matter tells BI. He joins a list of Big Tech leaders.
CEO Sundar Pichai described current trends as "extraordinary," projecting confidence in the company's forward outlook. Wall Street analysts anticipate continued momentum in 2025 with 11.6% revenue growth and an EPS target of $8.99, a solid 12.5% year-over-year increase.
These companies have an inside track on high-growth markets, including artificial intelligence, quantum computing, and more.
The Indian government had asked Apple (NASDAQ:AAPL) and Alphabet (NASDAQ:GOOGL) (NASDAQ:GOOG) to provide the state-backed GOV.in app store available in the companies' app stores, Bloomberg News reported.
The U.K. competition regulator on Thursday said it's using new powers to investigate Apple and Google's mobile ecosystems.
The EU has also investigated Google’s approach to its Android operating system after several complaints were lodged about how their phones made it difficult for Google Play alternatives to be installed. The decision, written in 2018, fined Google a record of almost €5 billion .
Inc. faces a complex landscape of opportunities and challenges as it navigates the evolving tech industry. While regulatory pressures and increasing competition pose significant risks, the company's strong financial position - evidenced by its return on equity of 32% and robust cash flows - ongoing AI innovations,