The online shopping company Amazon seems to be unstoppable in its high-altitude flight.The stock market value of the company has risen steadily in recent days and weeks and reached new highs. Now, the company has even surpassed Google’s parent company Alphabet to became the second most valuable company in the US.
3 years ago, Google’s leader in autonomous vehicles once sent a letter to company founders Larry Page and Sergey Brin, warning Google driverless technology may lose its advantage.
Alphabet, the parent company of Google, has introduced a new security company called Chronicle.Chronicle is designed to better detect security threats using AI technologies, such as machine learning, and prevent attacks at a low cost.
Google’s parent company Alphabet has been able to continue using its highly successful tax avoidance concept in Europe for some time now to prevent billions in claims from the Treasury.This is shown by recent reports requested by the Dutch authorities, according to the Bloomberg news agency.
Recently, “Forbes” magazine released the list of the most trusted companies. A number of tech companies made it to the list. Google parent company Alphabet ranked the highest in the category of tech companies and ranked third place in this list. Apple ranked seventh in the list.
Google recently reported its second-quarter earnings in 2017. Google has experienced a 28% drop in net profit, compared to the same period last year. Google said this is due to a $ 2.7 billion fines from the European Union. In this regard, Google frankly said that there might be more fines from EU in the future.
A weird technical problem made a dozen technology US shares such as Microsoft, Amazon, and Apple equal in terms of price on Tuesday, making some appear to lose billions in terms of market value.
It has been reported that Google parent company Alphabet this week held its annual meeting. At the annual meeting, shareholders asked management some questions. One concern raised wast that last year Google CEO Sundar Pichai received 200 million US dollars salary, which is not acceptable to Alphabet shareholders.
In the latest installment of problems with Uber, the Uber vs Alphabet battle will not b fought privately. Alphabet is trying hard to make sure that court proceedings against Uber are public. Uber obviously wants the proceedings to be private.