Alphabet Inc.’s Google dodged court sanctions after the Justice Department reprimanded it for hiding documents from government lawyers, Bloomberg reports. The U.S. government argued that Google used “silent attorney” emails to avoid disclosing records in litigation. Google allegedly exploited the legal privilege to protect sensitive internal communications. The DOJ wanted Google to turn over internal emails that it had…
DOJ Accuses Google of Training Employees to Shield Business Communications
March 22, 2022
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The Justice Department (DOJ) on Monday accused Google of training its employees to improperly use attorney-client privilege to hide documents from discovery in litigation and government investigations. In a court filing, the Justice Department asked for Google to be sanctioned for creating a “Communicate with Care” program that the department says trains staff to include…
Google Faces Scrutiny From French, Russian Regulators
France’s watchdog CNIL alleged Alphabet Inc.’s Google Analytics of giving U.S. intelligence services access to French website users’ data. The regulator alleged the U.S. tech giant lacking sufficient measures to guarantee data privacy rights under European Union regulation when transferring data between Europe and the United Stats. The French website manager responsible for the non-compliance had one…
Read How Analysts View Alphabet Post Q4, Stock Split
February 3, 2022
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Analysts bumped up price targets on Alphabet Inc following Q4 Beat and stock split. Alphabet stock split adds pressure on Amazon.com Inc to follow suit, said Morgan Stanley. JPMorgan ups Alphabet target but ‘not chasing the shares.’ Jefferies analyst Brent Thill raised the PT to $3,600 from $3,500 (30.5 percent upside) and reiterated a Buy. Thill said “another strong quarter at scale” that…
Google Shares Become Affordable With 20-to-1 Stock Split
February 2, 2022
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Alphabet, Google’s parent company, is splitting up its stock to enable affordability, leading to a surge in the share price as retail traders will now be able to own a part of the company instead of opting for fractional shares. “Alphabet today announced that the Board of Directors had approved and declared a 20-for-one stock…
Google Parent Alphabet Crosses $2T Mark, Sharing Podium With Apple, Microsoft
Alphabet Inc GOOGL rallied on November 8 to surpass the $2 trillion in market value for the first time, rubbing shoulders with Apple Inc and Microsoft Corp, Bloomberg reports. What Led To Growth? A rebound in spending on digital ads and growth in its cloud business fueled the rally. The Class A shares gained as…
A Secret Weapon for Self-Driving Car Startups: Humans
FREMONT, Calif.—Self-driving startups like Cruise have begun testing their driverless cars in some parts of California in the past year, with an additional feature: Human operators. Cruise majority-owned by General Motors Co, started operating five driverless vehicles in San Francisco at night in October 2020 with a human in the front seat. The minder has…
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