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US lawsuit against Google could benefit Apple and others

Jan 26 (Reuters) – A landmark lawsuit by the US Justice Department against Alphabet’s (GOOGL.O) Google over its dominance of advertising technology could help rivals and websites that sell ad space, but leaves an uncertain future for the advertisers themselves, experts told Reuters. The Justice Department’s complaint against Google on Tuesday called for the company …

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Sony’s gaming chief puts EU’s Vestager on Microsoft’s Activision deal -source

BRUSSELS, Jan 26 (Reuters) – Sony’s gaming chief Jim Ryan put EU antitrust chief Margrethe Vestager on Wednesday to discuss Microsoft’s (MSFT.O) $69 billion bid for “Call of Duty” maker Activision Blizzard (ATVI.O), a person familiar with the matter said on Thursday. The meeting came as the EU competition watchdog prepares to warn Microsoft this …

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Musk says Tesla price cuts triggered demand, 2023 sales could hit 2 mln vehicles

Jan 25 (Reuters) – Tesla Inc’s (TSLA.O) aggressive price cuts have ignited demand for its electric vehicles, Chief Executive Elon Musk said on Wednesday, playing down concerns that a weak economy would throttle buyers’ interest. The company slightly beat Wall Street targets for fourth-quarter revenue and profit earlier on Wednesday despite a sharp decline in …

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S&P 500 closes slightly red as weak corporate guidance fuels recession fears

AT&T gains on subscriber adds General Dynamics slides after weak outlook Tesla, IBM post results Indexes: Dow up 0.03%, S&P 500 off 0.02%, Nasdaq down 0.18% NEW YORK, Jan 25 (Reuters) – The S&P 500 ended nominally lower on Wednesday as a string of corporate earnings ran the gamut from downbeat to dismal, reviving worries …

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Ad spending on Twitter falls by over 70% in Dec – data

Jan 24 (Reuters) – Advertising spend on Twitter Inc dropped by 71% in December, data from an advertising research firm showed, as top advertisers slashed their spending on the social-media platform after Elon Musk’s takeover. The recent data by Standard Media Index comes (SMI) as Twitter is moving to reverse the advertiser exodus. It has …

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US targets Google’s online ad business monopoly in latest Big Tech lawsuit

WASHINGTON, Jan 24 (Reuters) – The US Justice Department accused Alphabet Inc’s (GOOGL.O) Google on Tuesday of abusing its dominance in digital advertising, threatening to dismantle a key business at the heart of one of Silicon Valley’s most successful internet companies. The government said Google should be forced to sell its ad manager suite, tackling …

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Microsoft to invest more in OpenAI as tech race heats up

Jan 23 (Reuters) – Microsoft Corp (MSFT.O) on Monday announced a further multibillion dollar investment in OpenAI, deepening ties with the startup behind the chatbot sensation ChatGPT and setting the stage for more competition with rival Alphabet Inc’s (GOOGL.O) Google. Recently touting a revolution in artificial intelligence (AI), Microsoft is building on a bet it …

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Exclusive: Google parent to lay off 12,000 workers in latest blow to tech sector

Jan 20 (Reuters) – Google’s parent Alphabet Inc (GOOGL.O) is eliminating about 12,000 jobs, or 6% of its workforce, the company said Friday, in the latest cuts to shake the technology sector. Sundar Pichai, Alphabet’s CEO, said in a staff memo shared with Reuters that the company had rapidly expanded headcount in recent years “for …

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