US District Judge Leonie Brinkema ruled on September 2 that Google must stop self-preferencing in digital ad auctions but declined the Justice Department’s request to force a divestiture of the company’s core ad exchange.
Tag: Alphabet
Posted inMarkets
Alphabet and Tesla Trigger Nasdaq Selloff as AI Capex Concerns Grip Markets
Alphabet fell 7% and Tesla posted negative free cash flow as Q2 results raised fresh doubts about AI return on investment, dragging the Nasdaq 100 down 1.9% on Thursday.
Posted inTech
Europe’s top court upholds 4.1 billion euro Android antitrust fine against Google
The ECJ upheld a 4.1 billion euro fine against Alphabet on 5 July in a final ruling on Google’s anticompetitive Android app-bundling and search-default practices in Europe.
Posted inTech
Alphabet sells $80 billion in stock for AI infrastructure as Berkshire bets $10 billion
Alphabet launched an $80 billion equity raise on June 1 to fund AI infrastructure, with Warren Buffett’s Berkshire Hathaway committing $10 billion in what became an oversubscribed offering.