A Swedish court said on Wednesday Alphabet's Google NASDAQ:GOOG is to pay the equivalent of around 14.3 billion Swedish crowns ($1.5 billion) in antitrust damages to Klarna's NYSE:KLAR price comparison company PriceRunner."PriceRunner is considered to have suffered damage as a result of Google hav…
Swedish Court Says PriceRunner Suffered Damage as Google Illegally Favored Its Price Comparison Service
Swedish Court Says PriceRunner Had Sought Significantly Higher Damages, But Was Not Fully Successful
A Swedish court said on Wednesday Alphabet's Google NASDAQ:GOOG is to pay the equivalent of around 14.3 billion Swedish crowns ($1.47 billion) in antitrust damages to Klarna NYSE:KLAR subsidiary Pricerunner.($1 = 9.7291 Swedish crowns)
Swedish Court Orders Googe to Pay SEK14.3B in Antitrust Damages to PriceRunner
By Norihiko ShirouzuAutonomous-driving startup Wayve is riding a tide of investor interest.The London-based company has pulled in $2.8 billion from a roster of investors and strategic partners that includes big names across the technology and automotive sectors, from Nvidia NASDAQ:NVDA to Mercedes…
(07:20 GMT) *Equity Raisings Top $729.4 Billion in 1H, Mergermarket Says (07:20 GMT) *Equity Raisings Second-Best Start to Year on Record, Mergermarket Says (07:20 GMT) *Market Capacity to Absorb Further Fundraisings Questioned, Mergermarket Says (07:20 GMT) Equity-Market Fundraising at Most Exuber…
Morgan Stanley raised Alphabet (GOOG) capex to $350B (2027) and $375B (2028), expects ~9 GW added compute by 2028, and forecasts Google Cloud revenue growth of 106% (2027) and 44%
South Korea's antitrust regulator alleged on Wednesday that Alphabet's NASDAQ:GOOG Google abused its dominant position in the Android app marketplace to hinder competition and will recommend corrective measures and a financial penalty.The Korea Fair Trade Commission's (KFTC) Market Surveillance Bur…
South Korea's antitrust regulator alleged on Wednesday that Alphabet's NASDAQ:GOOG Google abused its dominant position in the Android app marketplace to hinder competition and will recommend corrective measures and a financial penalty.The Korea Fair Trade Commission's (KFTC) Market Surveillance Bur…
By Echo Wang and Elvira PollinaBending Spoons (BSP.O), owner of the video platform Vimeo and the internet services company AOL, priced its U.S. initial public offering above its targeted range at $29 per share on Tuesday, raising $1.68 billion in a rare software IPO as the sector grapples with disr…
Citigroup strategists have reported a sharp slowdown in retail investor activity across the Magnificent Seven, with trading participation falling to a four-year low after months of muted demand. Retail traders accounted for just 6% of total trading over the five days through Friday in Alphabet NASD…
Alphabet NASDAQ:GOOG launched 2 new AI models Tuesday, Nano Banana 2 Lite and Gemini Omni Flash, as Google pushes deeper into low-cost image generation and video creation tools.Nano Banana 2 Lite is Google's most cost-efficient Gemini Image model. The company said it can generate text-to-image outp…
AI SPENDING SPREE BY U.S. HYPERSCALERS MAY OBSCURE RISING FINANCIAL RISKSTechnology companies’ heavy spending to gain an edge in artificial intelligence could pose a systemic financial risk because of the aggressive structures used to obscure their true outlays and revenues, Mark Malek, chief inves…
Alphabet (GOOG, Financials) is reportedly putting limits on Meta Platforms' access to Gemini, and that says a lot about where the AI race is heading.The issue is not just model quality anymore. It is computing power. According to the Financial Times, Google has restricted access for some customers…
By Kit NortonGoogle parent Alphabet has been going all-in on AI spending and it has tested some investors' nerves, especially after a sizeable equity raise earlier in June to fund upcoming capital expenditures. It's a prime example of how Big Tech's AI ambitions are outstripping operating cash flow…
By Vicky Ge HuangA consortium backed by companies including BlackRock, Google and Coinbase said Tuesday that it is launching a stablecoin.Called Open USD, the new dollar-backed stablecoin is slated to be offered later this year on the Coinbase-affiliated blockchain Base, as well as on Solana and ot…
By Christine JiInvestors are overlooking the potential of Alphabet's custom-chip business as the company plans to expand its data-center capacity going into 2028, according to Morgan StanleyMorgan Stanley's Brian Nowak believes Alphabet could generate an additional $80 billion in custom-chip sales…
Wedbush’s Global Head of Tech Research, Dan Ives, said Tuesday that the upcoming earnings will be a “huge validation moment” for big tech, adding that he expects the Magnificent Seven (MAG 7) stocks to significantly outperform in the second half of the year.Ives said AI investments by companies lik…
