SWIT

US lawsuit against Google could benefit Apple and others

Jan 26 (Reuters) – A landmark argument by the US Justice Department against Alphabet’s (GOOGL.O) Google over its dominance of advertising technology could help rivals and websites that sell ad space, but leaves an uncertain future for the advertisers themselves, experts told Reuters. The Justice Department’s complaint against Google on Tuesday called for the company …

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Sony’s gaming chief met EU’s Vestager on Microsoft’s Activision deal -source

BRUSSELS, Jan 26 (Reuters) – Sony’s gaming chief Jim Ryan met EU antitrust chief Margrethe Vestager on Wednesday to discuss Microsoft’s (MSFT.O) $69 billion bid for “Call of Duty” maker Activision Blizzard (ATVI.O), a person familiar with the matter said on Thursday. The meeting came as the EU competition watchdog prepares to warn Microsoft this …

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BuzzFeed soars on reports of Meta deal, plans to use OpenAI

Jan 26 (Reuters) – Shares of BuzzFeed Inc (BZFD.O) jumped on Thursday on reports of a deal with Meta Platforms Inc (META.O) and plans to use artificial intelligence to personalize and enhance the digital media firm’s online quizzes and content . The stock was 19% higher in extended trading, after more than doubling in value …

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Musk says Tesla price cuts triggered demand, 2023 sales could hit 2 mln vehicles

Jan 25 (Reuters) – Tesla Inc’s (TSLA.O) aggressive price cuts have ignited demand for its electric vehicles, Chief Executive Elon Musk said on Wednesday, playing down concerns that a weak economy would throttle buyers’ interest. The company slightly beat Wall Street targets for fourth-quarter revenue and profit earlier on Wednesday despite a sharp decline in …

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IBM cuts 3,900 jobs, misses annual cash target

Jan 25 (Reuters) – IBM Corp (IBM.N) on Wednesday announced 3,900 layoffs as part of some asset divestments and missed its annual cash target, dumping cheer around beating revenue expectations in the fourth quarter. Chief Financial Officer James Kavanaugh told Reuters that the company was still “committed to hiring for client-facing research and development”. The …

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S&P 500 closes slightly red as weak corporate guidance fuels recession fears

AT&T gains on subscriber adds General Dynamics slides after weak outlook Tesla, IBM post results Indexes: Dow up 0.03%, S&P 500 off 0.02%, Nasdaq down 0.18% NEW YORK, Jan 25 (Reuters) – The S&P 500 ended nominally lower on Wednesday as a string of corporate earnings ran the gamut from downbeat to dismal, reviving worries …

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Rupert Murdoch scraps proposal to combine Fox, News Corp, eyes Move sale

Jan 24 (Reuters) – Rupert Murdoch on Tuesday withdrew a proposal to reunite News Corp (NWSA.O) and Fox Corp as the company is also exploring a sale of Move Inc, which operates the Realtor.com website, to CoStar Group, according to to a regulatory filing and sources familiar with the process. Three sources familiar with the …

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Ad spending on Twitter falls by over 70% in Dec – data

Jan 24 (Reuters) – Advertising spend on Twitter Inc dropped by 71% in December, data from an advertising research firm showed, as top advertisers slashed their spending on the social-media platform after Elon Musk’s takeover. The recent data by Standard Media Index comes (SMI) as Twitter is moving to reverse the advertiser exodus. It has …

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US targets Google’s online ad business monopoly in latest Big Tech argument

WASHINGTON, Jan 24 (Reuters) – The US Justice Department accused Alphabet Inc’s (GOOGL.O) Google on Tuesday of abusing its dominance in digital advertising, threatening to dismantle a key business at the heart of one of Silicon Valley’s most successful internet companies. The government said Google should be forced to sell its name manager suite, tackling …

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