Washington — Kati Morton was a reluctant adopter of YouTube. A therapist working toward her license in California, it was her then-boyfriend, now-husband, who first suggested that Morton explore posting videos on the platform as a way to disseminate mental health information. The year was 2011, and Morton, like many others, thought YouTube primarily consisted … Read more
Big tech companies post mixed earnings – CBS News Watch CBS News Major tech companies released fourth-quarter earnings this week with some beating expectations while others saw shrinking revenue. David Kirkpatrick, founder of Techonomy, joined John Dickerson on “Prime Time” to discuss the latest. Be the first to know Get browser notifications for breaking news, … Read more
Snap Inc.’s life as a high-growth young tech stock is over, and its rivals are about to show how much of that change is about Snapchat. “From our recent conversations with our partners, it seems like advertising demand hasn’t really improved, but it hasn’t gotten significantly worse either,” Snap co-founder and Chief Executive Evan Spiegel … Read more
Some of the biggest technology industry players, including Google-parent Alphabet, Amazon, Meta and Microsoft, have announced mass layoffs in recent months. In most cases, companies aren’t legally required to pay workers or offer benefits once their employment ends. But they’re often motivated to do so to shield themselves from liability and to help defuse any … Read more
Google faces antitrust suit, accused of “monopolizing” digital ad market – CBS News Watch CBS News The Justice Department along with eight U.S. states is suing Google, accusing the tech giant of “monopolizing” the digital ad market. Bill Baer, former assistant AG for the Justice Department’s antitrust division, joins John Dickerson on “Prime Time” to … Read more
DOJ Sues Google, Seeking to Break Up Online Advertising Business The Wall Street Journal DOJ files second antitrust suit against Google, seeks to break up its ad business CNBC DOJ sues Google over its dominance in online advertising market CNN Google became an ad monopoly in broad daylight and you’re paying the price TechRadar Factbox: Biden administration continues Trump … Read more
The Department of Justice and eight states sued Google on Tuesday, claiming the internet giant has an illegal monopoly over online advertising. It’s the fifth federal antitrust suit against the Alphabet-owned company since 2020, when the DOJ sued it over what the government claims is a monopoly in search. By buying up competitors and steering … Read more
Activist hedge fund TCI Fund Management called on Google parent Alphabet Inc. GOOG 3.42% to aggressively cut costs and reduce losses in long-term bets such as the self-driving car unit Waymo, claiming the company would be more efficient with fewer employees. London-based TCI, which said it owned shares worth more than $6 billion in Alphabet, … Read more
Photo: David Odisho (Getty Images) One of the nearly 4,000 Twitter employees laid off in the company‘s tumultuous post-Elon Musk acquisition says the company illegally targeted him for trying to help fellow employees save documents prior to their abrupt removal from the company. Former Twitter engineer Emmanuel “Manu” Cornet reportedly filed a complaint with the … Read more
A week of earnings by big technology companies has been a rout for investors, as recession fears and the strong dollar hit businesses that were thought to be more resilient. And these industry giants warn more pain is ahead. “It’s just hard to see any points of good news on the horizon,” Intel Corp. INTC … Read more