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Ruth Porat, CFO of Google, said an antitrust suit the Department of Justice and 11 state attorneys general filed against the search giant last month is meritless. Google dominates search because it's what users want, not because rivals can’t get a foothold, she insisted during a Q&A at The New York Times DealBook…

UPDATED with market close: Stocks plunged Friday as the market posted its worst week since March. The Dow Jones Industrial Average fell 157 points, or 0.59%, but the S&P 500 and the tech-heavy Nasdaq were lower, respectively, by 1.21% and a hefty 2.45%. Tech dragged shares lower, with Twitter the biggest loser, ended…

Google Parent Alphabet had a sour quarter last time but today it crushed Wall Street estimate and saw its stock surge 7% in late trading as third quarter revenue jumped 14% to $46 billion. Earnings per share surged $16.40 from $10.12. Wall Street had anticipated revenue of $42.8 billion and EPS of $11.37. At YouTube…

UPDATED with market close: Stocks fell sharply Monday, posting their biggest session of losses in more than two months. The DJIA fell 650 points or nearlly 2.3%. The S&P 500 and Nasdaq were off, respectively, 1.86% and 1.84%. Previously: A broad market plunge dragged showbiz shares lower Monday from big media to…

Tell us how you really feel, Eric. Former Google Chief Executive Officer Eric Schmidt said today at a Wall Street Journal conference that “the context of social networks serving as amplifiers for idiots and crazy people is not what we intended,” reports Bloomberg News. Schmidt said social media’s “excesses” would…

The Justice Department and the attorneys general of 11 states filed an antitrust lawsuit on Tuesday against Google, claiming that the internet giant abused its market power in search and advertising. “Google has maintained its monopoly power through exclusionary practices that are harmful to competition,” Deputy…

YouTube has implemented new measures designed to limit the spread of conspiracy theories on its Google-owned video platform, especially those connected with QAnon. The move follows steps taken by Facebook and Twitter to block QAnon in recent weeks, as well as smaller social players like Triller, Pinterest and Etsy…

CNET is reporting that search engine giant Google has provided police information on users based on keyword searches. Unsealed court documents disclosed the Google actions. The CNET report, published on Saturday, claims law officers requested the company to disclose the IP addresses of everyone who had looked up words…

A House Subcommittee has concluded after a 16-month probe that four tech giants – Facebook, Apple, Amazon and Google — are monopolists and wants Congress to change antitrust laws to force the companies to split off businesses or make it harder for them to buy smaller rivals. Basically, the group needs to be reined in…

Google has altered its approach to TV and streaming, merging Chromecast and Android TV into a $50 Google-branded offering featuring a remote control. Chromecast with Google TV is the official new name for the setup, which marks the end of the Android TV brand name, which had been in use since 2014. The new connected…

An innovative YouTube ad campaign from New York's Tribeca Studios and agencies in eight cities around the world are helping push traffic and new viewers to globalgoals.org, the website for the U.N.’s 17 Sustainable Development Goals, or SDGs. Tribeca CEO Jane Rosenthal, Google, YouTube and advertising execs presented…

YouTube and Google parent Alphabet has committed $310 million over ten years to diversity and inclusion initiatives to settle a shareholder lawsuit stemming from allegations the company concealed payouts to top male executives accused of sexual harassment. The deal disclosed Friday establishes a DEI (Diversity…