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Alphabet (GOOGL) Faces Wrongful Death Lawsuit Over YouTube Claims About Targeting Minors
Simply Wall St.2d agobearish
Alphabet (GOOGL) Faces Wrongful Death Lawsuit Over YouTube Claims About Targeting Minors

A new wrongful death lawsuit has been filed against several tech companies, including Alphabet's YouTube. The complaint alleges that social media platforms knowingly targeted minors and concealed risks linked to child deaths. The case focuses on internal company behavior and platform oversight rather than typical shareholder or privacy issues. Alphabet, which trades on the NasdaqGS under the ticker NasdaqGS:GOOGL, is under fresh scrutiny as this lawsuit raises questions about YouTube's...

Bloomberg18d agoneutral
Apple in Early Settlement Talks With DOJ Over Antitrust Case

(Bloomberg) -- Apple Inc. and the US Justice Department are in early discussions about settling a 2024 lawsuit that alleges the iPhone maker violated antitrust laws. Most Read from BloombergFCC Near Rulings Against Disney Over ‘The View,’ TV LicensesChip Stocks Poised for Bear Market in AI Unwind: Markets WrapGoogle Gemini Launch Delayed as Tech Falls Short of Internal GoalsChina’s Moonshot Unveils AI Model That Narrows Gap With US FirmsThailand Scraps Plan to End Visa-Free Entry for Indian Tour

Google urges EU top court to back ruling scrapping $1.7 billion antitrust fine
Reuters21d agoneutral
Google urges EU top court to back ruling scrapping $1.7 billion antitrust fine

Alphabet unit Google on Wednesday urged Europe's top court to dismiss EU antitrust regulators' appeal ‌against a lower court ruling that scrapped a €1.49 billion ($1.7 billion) fine, saying ‌the regulators' arguments were flawed. The dispute reached the Court of Justice of the European Union ​after regulators appealed a 2024 General Court ruling that annulled the fine imposed on Google in 2019. The lower court cited errors in the European Commission's assessment of the case.

Alphabet (GOOGL) Faces Final €4.1b Android Antitrust Ruling In Europe
Simply Wall St.30d agoneutral
Alphabet (GOOGL) Faces Final €4.1b Android Antitrust Ruling In Europe

European Court of Justice upholds a €4.1b antitrust fine against Alphabet on its Android practices. Ruling is final and concludes a multi year legal dispute over Android market dominance in Europe. Decision increases regulatory pressure on Alphabet's core search and mobile ecosystems globally. For investors tracking Alphabet, ticker NasdaqGS:GOOGL, this ruling directly touches the foundations of its Android, search, and app distribution businesses. Alphabet runs one of the most widely used...

Google Loses EU Antitrust Fight; Softbank Moves on Computing Power | Stock Movers
Bloomberg34d agoneutralVIDEO
Google Loses EU Antitrust Fight; Softbank Moves on Computing Power | Stock Movers

On this episode of Stock Movers: - SoftBank (SFTBY) shares are responding to news that it is starting a new U.S. venture to rent out the computing power needed to build and run artificial-intelligence models, aiming to capitalize on strong American demand for AI computing resources. - Shares of Alphabet/Google (GOOG) are responding to the company losing its long-running fight against a 4.1 billion ($4.7 billion) European Union antitrust fine after the bloc's top judges said regulators were right to punish the US giant for abusing Android's market power.

Top EU court dismisses Google appeal of $4.5 billion antitrust fine
Associated Press34d agobearish
Top EU court dismisses Google appeal of $4.5 billion antitrust fine

Judges at the European Union's top court dismissed an appeal by Google over a landmark, 4.1 billion euro ($4.5 billion) antitrust fine imposed for throttling competition and reducing consumer choice through the dominance of its mobile Android operating system. The case has been tangled up in courts since the European Commission announced the fine in 2018. “The appeal brought by Google and its parent company Alphabet against the judgment of the General Court is dismissed, thereby confirming the penalty imposed for Google Search’s abuse of a dominant position in the context of the Android operating system,” the Luxembourg-based judges wrote in their ruling.

Google loses fight against record €4.1 billion EU antitrust fine
Reuters34d agoneutral
Google loses fight against record €4.1 billion EU antitrust fine

Alphabet's Google on Thursday lost its fight against a record fine imposed by ‌EU antitrust regulators eight years ago for using its Android mobile operating ‌system to block rivals, a court ruling likely to boost Europe's crackdown on Big Tech. The European ​Commission had originally handed out a €4.34 billion fine to Google in 2018 for its agreements which forced phone manufacturers to pre-install Google Search, the Chrome browser and the Google Play app store on their Android devices and prevented them from using rival ‌Android systems. Google then appealed ⁠to the Luxembourg-based Court of Justice of the European Union, Europe's highest.

Google to pay Klarna $2 billion in Swedish antitrust suit
Yahoo Finance Video34d agoneutralVIDEO
Google to pay Klarna $2 billion in Swedish antitrust suit

Yahoo Finance Tech Editor Dan Howley breaks down some of the day's biggest headlines, including Alphabet's Google (GOOG, GOOGL) being ordered by a Swedish court to pay nearly $2 billion to buy now, pay later platform Klarna (KLAR) in an antitrust suit.

Klarna (KLAR) Wins Nearly $2 Billion As Google Loses Swedish Antitrust Case
Simply Wall St.34d agobullish
Klarna (KLAR) Wins Nearly $2 Billion As Google Loses Swedish Antitrust Case

Sweden's market court has ordered Google to pay nearly $2 billion in damages to Klarna Group's PriceRunner subsidiary. The court found that Google unlawfully favored its own shopping comparison service over rivals for several years. This ruling is described as one of the largest antitrust damages awards in Sweden and strengthens Klarna's position in comparison shopping. Klarna Group (NYSE:KLAR), which acquired PriceRunner in 2022, now has a substantial court-awarded claim tied directly to...

Investing.com35d agoneutral
Klarna pops 6% after crushing Google in $1.97B antitrust verdict

Investing.com -- Klarna Group (NYSE:KLAR) shares jumped 6% on Wednesday following a massive legal victory over Alphabet’s tech monopoly. A Swedish court ruled in favor of Klarna’s subsidiary, PriceRunner, awarding the company a staggering $1.97 billion in antitrust damages. The high-stakes judgment caps off a fierce battle over online shopping dominance, with the court finding that Google illegally choked out competition by manipulating search results to favor its own comparison-shopping service

Alphabet (GOOGL) Faces Waymo Recall And Gemini Leadership Exit
Simply Wall St.47d agobearish
Alphabet (GOOGL) Faces Waymo Recall And Gemini Leadership Exit

Waymo, Alphabet’s self-driving unit, is recalling nearly 4,000 robotaxis in the US to fix software that could allow vehicles to enter closed freeway construction zones at speed. Noam Shazeer, a key leader of Alphabet’s Gemini AI model, is leaving the company to join OpenAI. These twin developments put Alphabet (NasdaqGS:GOOGL) back in focus for investors watching both autonomous vehicles and generative AI. Waymo’s recall highlights that scaling robotaxis involves real world safety and...

Waymo Has a Tesla-Like Recall. What It Means for Alphabet Stock.
Barrons.com48d agobearish
Waymo Has a Tesla-Like Recall. What It Means for Alphabet Stock.

Waymo is recalling 3,871 robo-taxis to correct software that might allow a vehicle to enter a freeway construction zone, according to a National Highway Traffic Safety Administration notice. For starters, it illustrates the size of the Waymo robo-taxi fleet. The Alphabet -owned ride-hailing network operator is expanding across the country, along with other companies, including Tesla Amazon.com -backed Zoox, and others.