Alphabet

Google Co-Founders Step Down, Sundar Pichai To Lead Both Google And Alphabet

On December 3, Google announced that Google co-founders Larry Page and Sergey Brin would leave their respective roles as CEO and President of Alphabet. Sundar Pichai, the current SEO of Google, will become CEO of Alphabet as well. Although Page and Brin are stepping down from their roles of President of and CEO, they will “remain …

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Google To Buy Unified Data Platform Looker For $2.6 Billion To Strengthen Cloud Analytics

On June 6, Google announced its plans to acquire Looker, a unified data and analytics platform, for $2.6 billion in an all-cash transaction. Looker is a unified data platform that integrates data into the daily workflow of users and enables organizations to extract value from the data. After the deal is completed later this year, …

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Google Posts $31.1B In Total Revenue, Beats Top- And Bottom-Line Expectations

Alphabet Inc., Google’s parent company, has announced the financial results for the first quarter of 2018.  $31.1 billion in quarterly revenue was reported by the company, which was down sequentially but up year over year.  This beats the Wall Street consensus estimates by about $870 million, and earnings also beat analyst expectations. Year over year, revenue growth …

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Apple Hires Google AI Chief John Giannandrea Away From Google

It was reported earlier this week that there was a personnel change within Google’s search organization.  Ben Gomes is now in charge of all search, and Jeff Dean took over Google Brain and AI.  This is because the former Google SVP of Engineering John Giannandrea has moved to Apple to run AI efforts there. Giannandrea “will run Apple’s machine …

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India’s Competition Regulator Fines Google $21.1 Million For ‘Search Bias’ In Travel Results

On February 8, the Competition Commission of India (CCI) fined Google $1.36 billion rupees (roughly $21.1 million) for “abuse of its dominant position” in search.  The specific finding made by CCI surrounded Google’s treatment of flight search results.  The decision was 4 to 2 against Google. According to CCI, Google “allocated disproportionate real estate” to the box …

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Alphabet (GOOG) Third Quarter Beats Estimates: $27.8 Billion, Revenues Up 24%

Alphabet, the parent company of Google, announced their third-quarter results.  Both earnings and revenues per share beat Wall Street estimates. Roughly $27.8 billion in total revenues (up to 24 percent), was reported by the company, with Google contributing all but $302 million of that amount.  Earnings per share equaled $9.57, which was $1.24 higher than expected. Over …

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Investors Anxious About Google Traffic Acquisition Costs, Which Regulation Could Further Increase

Google’s traffic acquisition costs (TAC) are climbing.  Both Google’s ad revenues and they money they are paying to partners and distributors are growing, and investors aren’t really thrilled with this issue. Ruth Porat, the CFO of Alphabet, explained to investor questions recently that Google’s increasing traffic costs are part mobile and part programmatic growth.  These …

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Danny Sullivan Joins Google, Leaves Advisor Role At Third Door Media

Danny Sullivan, who retired three months ago from his Chief Content Officer position at Third Door Media, made an announcement on October 9 that he’ll begin working at Google in an as-yet-undefined role with the search division of Alphabet.   From his post: My title is still being determined, but the position will be to serve as a sort …

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Google Reportedly Looking At Buying HTC’s Phone Unit, Expands Android One Program

HTC, the maker of Google’s successful Pixel smartphones, has been under intensifying financial pressure for a number of years.  The Taiwanese company has been falling behind Samsung and other handset makers for Android market share. In August, HTC began exploring the idea of a sale of some or all of their business, according to Bloomberg.  DigiTimes has reported that …

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Is Bing Trolling Google & Alphabet With ABC.WTF Redirect?

With news that Google has done some restructuring, it looks like Bing couldn’t hold back with their own response.  If you go type in ABC.WTF in your browser, you’ll get redirected to the Bing search engine.  It would certainly appear that Microsoft is having a little fun at Google’s expense. The domain registration listing is private but it …

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