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August 3, 2020
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CNBC Business

Alphabet reports first revenue decline in company history

CNBC
CNBC – For more and to sign up click here Google parent-company Alphabet beat expectations for its second quarter earnings Thursday, but marked its first revenue decline in company history as the coronavirus pandemic slowed economic growth and advertisers pulled back spending during the quarter. The company’s stock barely moved after hours.......
CNBC Business

Why it could be time to rotate out of Netflix and into Alphabet, traders say

CNBC
CNBC – For more and to sign up click here Netflix was plummeting after-hours Thursday following a mixed quarter. The streaming company missed on its bottom line but beat revenue expectations. Netflix also offered weak guidance for subscriber growth. John Petrides, portfolio manager at Tocqueville Asset Management, is long-term cautious......
CNBC Business

Chamath Palihapitiya: Here’s why you go short big tech stocks Facebook and Alphabet right now

CNBC
CNBC – For more and to sign up click here Chamath Palihapitiya Olivia Michael | CNBC Former Facebook executive Chamath Palihapitiya on Friday laid out his bearish case for the social media giant as well as Google-parent Alphabet. Palihapitiya, founder and CEO of investment firm Social Capital, said in a......
Reuters - Business

Australian regulator says Google’s $2.1 billion Fitbit deal could harm competition

Reuters
SYDNEY/BENGALURU (Reuters) – Australia’s antitrust regulator warned Google’s planned $2.1 billion acquisition of fitness tracker maker Fitbit (FIT.N) may give it too much of people’s data, potentially hurting competition in health and online advertising markets. FILE PHOTO: Fitbit Blaze watch is seen in front of a displayed Alphabet logo in......

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