Latest in Alphabet

Investors punished shares of Google Tuesday after parent Alphabet came in light on revenue in its latest earnings – and even as Wall Street and media watchers lapped up welcome details on YouTube which had never been previously released. Google revealed that YouTube ad revenue rose 31% in the fourth quarter to $4.7…

Google CEO Sundar Pichai is getting a big salary bump with his expanded role as CEO of Alphabet. According to a recent Securities and Exchange Commission filing, Pichai will receive a $2 million salary, plus a $240 million stock package that’s set to take effect in 2020. The stock will be granted over three years and…

Larry Page and Sergey Brin, the founders of Google, have left their executive roles at its parent company, Alphabet. Google CEO Sundar Pichai will become CEO of Alphabet while remaining chief at Google. Page had been CEO of Alphabet and Brin had been president. They will continue to be involved in the tech giant as…

Google parent Alphabet saw its shares slide more than 1% in after-hours trading following the release of the tech giant’s third-quarter financial results. While the company exceeded Wall Street analysts’ estimates for total revenue, with $40.5 billion, earnings per share of $10.16 fell well short of the consensus…

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…