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Amazon Overtakes Alphabet To Become America’s Second Most Valuable Company

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.

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Alphabet Launches Security Company Chronicle

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.

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Google Saving Billions In Taxes By Sending Money To Caribbean

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.

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Alphabet Ranks Third In The List Of Most Trusted Companies

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.

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EU Fines Responsible For A Drop In Google’s Net Profit

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.

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Shareholders Aren’t Too Happy With Google CEO 200 Million Dollars Salary

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.