Latest in Alphabet

UPDATED with news of House committee probe. The Democrat-controlled House Judiciary Committee plans to investigate giant tech companies, a development that follows reports over the weekend that Google and Amazon are about to get closer regulatory scrutiny. The committee promises a “bipartisan look at competition in…

Alphabet, the parent company of Google, reported first-quarter earnings of $9.50 per share, well below Wall Street forecasts, as a European Commission fine put a dent in its results. Not counting the $1.7 billion fine, earnings would have hit $11.90 a share. Analysts had expected $10.58. Revenue gained nearly 17% over…

Google parent Alphabet reported fourth-quarter earnings Monday that exceeded Wall Street analysts’ expectations, but a 2% gain in the company’s stock during the regular trading day was erased after hours. Earnings of $12.77 per diluted share came in well above the analyst consensus of $10.86. Revenue of $39.28 billion…

Google is following Amazon’s major investment in New York City and Apple’s pledge to build a new campus outside of Silicon Valley with its own blueprint for a new $1 billion campus in Lower Manhattan. The move was announced in a blog post by Ruth Porat, SVP and CFO of Google and its parent company, Alphabet. She…

One of the nation’s largest pension funds is calling on CBS and Google parent Alphabet to end practices that it says helps abuse remain in the shadows. New York City Comptroller Scott Stringer said the city’s pension funds today submitted shareholder proposals to both companies, calling for an end to employment…

Google CEO Sundar Pichai testified this morning before the House Judiciary Committee, where the executive fended questions about a range of issues, including data privacy and charges from Republicans that its search algorithms are biased against conservatives. The search giant became the focus of criticism when Pichai…

UPDATED with details from the earnings call Google parent Alphabet beat Wall Street’s earnings expectations in its third quarter, but fell short on revenue. That miss caused the company’s stock to drop more than 5% in after-hours trading. Alphabet reported per-share earnings of $13.06, well above analysts' consensus…

Continuing its seemingly unstoppable momentum, Amazon has made good today on projections it would join Apple as the only two U.S. companies with stock market values of $1 trillion. Amazon shares have been up more than 1% today to $2,038, just shy of the $2,050 level that conferred the $1 trillion valuation. Tech…

Google said it has terminated dozens of YouTube channels and other accounts spreading misinformation on behalf of the Iran’s state-owned broadcaster. The announcement marks the third time this week that a major technology company has shut down abuse of its platform by foreign actors. Google said it terminated 39…

Google parent Alphabet blasted past Wall Street’s earnings estimates in its second quarter, sending the stock up in after-hours trading. The company reported per-share earnings of $11.75, excluding the impact of a $5.07 billion charge in connection with a European Commission fine. That compares with analysts’ earnings…

UPDATED with details from the earnings call, 3:30 PM: Google parent Alphabet’s earnings surpassed analyst expectations in its first quarter. The company reported earnings of $9.93 per share, topping Wall Street’s consensus estimates of $9.28 a share. The internet search giant reported revenue of $31.1 billion…

Alphabet missed Wall Street’s estimates, reporting operating income of $7.66 billion in its fourth quarter, sending shares down sharply in after-hours trading. The parent company of Google reported a 24% revenue gain in the period ending December 31 of $32.3 billion, topping analyst projections of $31.85 billion. But…