Investors have been relying on Google's (NASDAQ: GOOG , NASDAQ: GOOGL , TSX: GOOG:CA ) near-monopoly dominance in the online search market. The company's market share in this space, however, has fallen below 90% for the first time since 2015.German Buy-Hold-Check investor. With a master's degree in engineering and management, I am able to understand, quantify, and interpret both the economics and (to some point) the technology of companies.Analyst’s Disclosure: I/we have a beneficial long position in the sh ...

In this articleGOOGLThe Wiz logo on a smartphone arranged in New York, US, on Tuesday, July 16, 2024.Gabby Jones | Bloomberg | Getty ImagesSeven months ago, Alphabet lost a marquee case against the Biden administration's Justice Department, which accused the company of maintaining an illegal monopoly in search. Weeks earlier, Google's pursuit of cybersecurity vendor Wiz, in what would have been its largest deal ever, fizzled in part because of antitrust concerns.With Donald Trump's return to the White House ...

Alphabet Inc. (NASDAQ: GOOG ) (NASDAQ: GOOGL ) was in the news as it announced its largest ever acquisition, this one being of cybersecurity operator Wiz. While this still represents just a drop in the bucket for a company of GOOGL’s size, it mayJulian is the leader of the investing group Best Of Breed Growth Stocks where he only shares positions in stocks which have a large probability of delivering large alpha relative to the S&P 500. He also combines growth-oriented principles with strict valuation hurdl ...

Core Points - Google has agreed to pay $28 million to settle a class action lawsuit alleging discrimination in pay and career advancement based on race [1] - The settlement has received preliminary approval from the court and affects at least 6,632 employees in California [2] - Google maintains its stance that it did not treat employees differently and is committed to fair practices [3] Settlement Details - The net settlement proceeds amount to $20.4 million after deducting $7 million for legal fees and other costs [7] - A hearing for final settlement approval is scheduled for September 11 [7] Allegations - The lawsuit, led by ex-employee Ana Cantu, claims that Google favored white and Asian employees by placing them in higher job levels and providing them with better pay and promotions [4][9] - Cantu asserts that her exemplary work did not result in similar recognition or advancement compared to her white and Asian peers [4][6] - The lawsuit alleges violations of the California Equal Pay Act [5]

Google has reached a deal with Wiz to purchase the cloud cybersecurity startup.  The tech giant will pay $32 billion in cash to become the owner of Wiz "subject to closing adjustments," Alphabet-owned Google said Tuesday. The all-cash buyout comes after Wiz rejected a $23 billion bid from Alphabet last year due to concerns about antitrust approvals and its aim to focus on an initial public offering.  The cloud cybersecurity startup will be under Google Cloud once the deal closes, according to Google. Comple ...

After a failed attempt last year, Google’s parent company, Alphabet (GOOGL) , is set to acquire cloud cybersecurity startup Wiz for $32 billion in an all-cash deal. If successful, this would mark Alphabet’s largest acquisition ever, signaling its aggressive push into the cloud cybersecurity space.The move will not only influence the GOOGL stock but also have a broader impact on the stock market and ETFs exposed to cloud computing, cybersecurity, and mega-cap tech stocks. Investors looking to capitalize on t ...

Alphabet said Tuesday it would buy Wiz for about $32 billion in its biggest deal as the Google parent doubles down on cybersecurity to sharpen its edge in the cloud-computing race against Amazon and Microsoft.The all-cash buyout comes after Wiz rejected a $23 billion bid from Alphabet last year due to concerns about antitrust approvals and its aim to focus on an initial public offering.Acquiring Wiz will help Google bolster its cloud business with AI-powered cybersecurity solutions that companies use to rem ...

Shares of the technology giant Alphabet (GOOGL -2.82%) (GOOG -2.87%) were sliding this morning after the company announced it's purchasing the cloud security company Wiz for $32 billion in an all-cash deal. Wiz will become part of Google Cloud when the deal closes later next year. Investors may have been disappointed by the size of the acquisition, which is the company's largest to date. Alphabet's stock was down by 3.2% as of 11:37 a.m. ET. Know your worthAlphabet has been pursuing Wiz for a while and offe ...

Pre-market indexes are giving back some of the gains made over the past two regular trading sessions. We’re currently hovering in a range following this morning’s economic reports (more on them below). The Dow is down -45 points, the S&P 500 is -10, the Nasdaq is shedding roughly -65 points, and the small-cap Russell 2000 is -8 at this hour.Google Acquires Cloud Security Platform for $32B CashGoogle parent Alphabet (GOOGL) has announced its largest-ever acquisition: it is purchasing New York City-based clou ...

While Alphabet (GOOG -3.03%) (GOOGL -2.92%) is one of the oldest internet-related companies operating, it remains among the most popular. That popularity helps the company's search business continue to generate significant revenue growth, plenty of cash, and solid profitability (a situation unlikely to change).But search isn't the only machine keeping this company on the road to growth, at least according to one analyst. Although he recently made a slight cut to his price target, he still feels the tech gia ...