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Tech World

Australia orders parliamentary inquiry into the behaviour of BIG technology companies

Australia will conduct a wide-ranging parliamentary inquiry into the behaviour of the world’s largest technology companies and the need for new legislation, Prime Minister Scott Morrison said on Wednesday. Australia has led global efforts to rein in the powers of the likes of Alphabet and Facebook, installing legislation that has been heralded as a model […]

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World

“Why Google steals content from honest businesses?”: Congressman asks Sundar Pichai in antitrust hearing

During US Congress’ tech antitrust hearing four of the world’s largest tech companies had some explaining and defending to do. Amazon, Facebook, Apple and Alphabet’s Google answered some tough questions. Congressman David Cicilline asked Pichai “Why Does Google Steal Content From Honest Businesses?” Immediately, Pichai responded saying he didn’t agree with the “characterizations” being made […]

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Business

Alphabet’s Google purchases 7.7% in Reliance’s Jio Platforms for $4.5 billion

Google’s parent firm Alphabet will purchase 7.7% stake in Reliance Industries Ltd digital arm Jio Platforms for US$ 4.5 billion. Reliance Industries, , India’s most highly-valued company run by billionaire Mukesh Ambani has raised $20.22 billion by selling nearly 33% of Jio Platforms which houses music, movie apps and telecoms venture Jio Infocomm. In recent months  […]

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Business

Alphabet shares fall as Google misses sales target

Alphabet Inc’s (GOOGL.O) new Chief Executive Sundar Pichai unveiled sales figures that investors have long demanded, but shares fell 5% as Google’s advertising business and the new data about YouTube and Google Cloud broadly disappointed. Pichai had sought to counter slowing revenue growth in the company’s main advertising business by pointing to the Silicon Valley […]

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Business

Google’s parent Alphabet is now worth $1 trillion dollars

Google’s parent company Alphabet is now worth $1 trillion dollars. Google was the forth American company to break into the list after Apple, Microsoft and Amazon. Google reached the milestone six weeks after founders Larry Page and Sergei Brin gave up their top jobs and handed over the reins to Google Chief Executive Sundar Pichai. […]

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Business

Sundar Pichai to replace Larry Page as CEO of Google parent Alphabet

Google Chief Executive Sundar Pichai will replace Larry Page as CEO of parent Alphabet Inc, extending a long retreat from public roles and active management by Page and Sergey Brin at the company they co-founded 21 years ago. While it has been a tremendous privilege to be deeply involved in the day-to-day management of the […]