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Alphabet Inc. (GOOGL)
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Looks like a double standard taking place. If there really is "new fears over need covid variant" then $GOOG, $AMZN, $FB, $MSFT should be taking off. They've all never reported better earnings or made more profit than they did through the pandemic.
If you’re looking for a short and sweet guide to the day’s biggest news, I recommend (
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Sonos Case Against Google Gets Closer Scrutiny by ITC
A U.S. trade agency is taking a closer look at Sonos Inc.’s claims that Alphabet Inc.’s Google infringes patents for home audio systems and is considering whether to shut some Google smart home devices, phones and laptops out of the U.S. market.
The International Trade Commission said it would review part of a judge’s findings that Google infringed five Sonos patents and cleared product redesigns of any violation. Both companies asked the agency to review aspects of the judge’s findings that went against them.
Specifically, the commission said it would review whether products accused of infringing two of the patents are “articles that infringe at the time of importation.” The commission said it won’t review remaining issues in the judge’s determination, and will consider a possible remedy, which could mean an import ban. A final decision is scheduled to be issued on Jan. 6.
Sonos said the notice means that the administrative law judge’s finding of a violation will stand.
“We are pleased that the commission will be affirming the ALJ’s ruling that all five Sonos patents at issue are valid and that Google infringes all five of those patents,” the company said. “We also look forward to engaging further with the commission on the details of the remedy to which we are entitled, and pursuing our damages case in District Court.”
Long way home to 3000 now...maybe by New Year if we're lucky.
Why is GOOG faring worse than other techs today?
U.S. states file updated antitrust complaint against Alphabet's Google
WASHINGTON (Reuters) - A group of U.S. states led by Texas have filed an amended complaint against Alphabet Inc's Google accusing the tech giant of using coercive tactics and breaking antitrust laws in its efforts to boost its already dominant advertising business.
The updated allegations are the latest in an onslaught of regulatory scrutiny of Google over its practices. The tech company faces several lawsuits, including one by the Justice Department for monopolistic practices.
Earlier this week, Google lost an appeal against a $2.8 billion European Union antitrust decision.
The amended U.S. lawsuit, filed in a federal court in New York late Friday, accuses Google of using monopolistic and coercive tactics with advertisers in its efforts to dominate and drive out competition in online advertising.
The lawsuit also highlights Google's use of a secret program dubbed "Project Bernanke" in 2013 that used bidding data to give its own ad-buying an advantage. For example, in a 2015 iteration of the program, Google allegedly dropped the second-highest bids from publishers' auctions, accumulated money into a pool and then spent that money to inflate only the bids belonging advertisers who used the company's Google Ads. They otherwise would have likely lost the auctions, the states alleged.
Great deal today
Joint Chiefs Chairman Gen. Joseph Dunford said Thursday that he would likely be meeting next week with Google executives on his concerns that the work Google was doing with China on artificial intelligence and other technologies was undermining the U.S military.
"This is not about me and Google, this about us looking at the second and third order effects of our business ventures in China [and] the impact it's going to have on U.S. ability to maintain a competitive military advantage and all that goes with it," Dunford said.
GOOGL has been churning and showing weakness for about 1 month now.
The 3K level has become more difficult to reach.
If you like tech dominance buy $GOOGL not $NVDA. If $GOOGL was valued at the same multiple as $NVDA, it is an $8.5T company. Today under $2T is cheap.
GOOG busted in bed with China against US investors pouring assets into Apple and Microsoft.
Google on the 50 with a 41 RSI? Yup, that's my black friday shopping. Will add more if it hits the 100.
They had some interesting insights about GOOG on (
). Definitely made me think twice about the company.
Last June, Google canceled a project working with the Pentagon to help develop artificial intelligence capabilities, due to concerns from employees that their work could go towards warfighting in the future. However, last January, Google opened an artificial intelligence research center in Beijing.
Google involvement in China is extensive with military and funding Biological Warfare at Wuhan Lab. Google is working extensively with China Military technology.
I never even look at my Google holdings- long as long can be.
Move some money 💰 🤑 to netlist fast before the train 🚆 leaves.
better buy Western Digital (WDC), correction/short squeeze is this week. Also, solid EPS/revenues stocks ready to correct huge are: SNAP, PYPL, FB, ATVI, HOOD, Zillow (Z), JBLU....big correction ahead. HOLIDAY shopping spree are on these stocks
Google’s most disturbing Chinese initiatives involve the co-development of technology. Cooperation of this sort is so injurious to the United States that it should be criminalized, by emergency presidential order.
Google, the Alphabet Inc. unit, also believes its projects in China are benign. “We are not working with the Chinese military,” a Google spokesperson said in the middle of March.
Betting against GOOG is like betting against a tornado in a mobile home.
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