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Alphabet Sells Almost 90% of its Stake in Robinhood

Alphabet, the parent company of Google, parted ways with almost 90% of its stake in the trading app Robinhood, according to a recent filing with U.S. Securities and Exchange Commission (SEC). The tech giant also reduced its stakes in several other entities, including biotech...

Nasdaq Leads Stock Gains as Alphabet And Microsoft Earnings in Focus

Stocks climbed higher on Tuesday led by a rise in tech shares as investors braced themselves for the release of second-quarter earnings from Microsoft and Google parent company Alphabet. The tech-heavy Nasdaq Composite Index advanced by 0.6%, while the Dow Jones was up by 0.3%...

Alphabet Beats Revenue and Earnings Estimates in Q1

Google’s parent company Alphabet reported its first-quarter earnings on Tuesday, delivering results that topped analysts’ expectations. The company previously failed to beat estimates for four straight quarters. Alphabet’s revenue in Q1 came at $69.79 billion, a 3% increase from the year prior, compared to the...

Google Stocks Slide Amid Report That Samsung May Opt for Bing

Stocks in Google's parent company Alphabet Inc. fell by 4.5% in premarket trading on Monday, marking its largest single-day decline in over two months. This comes after reports that Samsung may decide to replace Google with Bing as the default search engine on its...

“Shark Tank”‘s Kevin O’Leary Considers Investing In ChatGPT, Claims it is “Killing” Google

Shark Tank star and investor Kevin O'Leary revealed that he is considering an investment in ChatGPT ahead of the parent company OpenAI's next round of funding. The company was valued at $29 billion during an early January funding round, during which Microsoft injected a...

Google Parent Company to Lay Off 12,000 Workers

Google parent company Alphabet Inc announced on Friday its decision to lay off 12,000 of its workers following a shift in strategies and priorities. The company is now looking to boost its reliance on Artificial Intelligence (AI) technology. Alphabet shares rose almost 4% in...