There is increased competition from those websites which are used for purchasing products and those which are perceived to be free of potentially offensive content and this is affected the largest U.S. digital advertising platform – Alphabet Inc’s Google, according to information available from advertising buyers. Earlier this week, its slowest quarterly revenue growth in…
Having found guilty of charging doggy fees from their customers for years, the big banks of Australia are now preparing to amass huge sums of money worth billions of dollars for repaying the cheated customers. The Australian banks were once considered to be amongst the most profitable in the world. The latest Australian bank to…
Alphabet stocks fell by at least 7 per cent after the US tech giant announced a sharp drop in its ad revenue growth. The fall has been blamed on an algorithm in YouTube which caused lower engagement and consequent lower growth in revenues on the site, said Alphabet’s CFO Ruth Porat. “While YouTube clicks continue…
The global chip market which apparently has softened considerably, after years of booming growth, hit the first-quarter net profits of South Korean electronic giant Samsung Electronics hard. The biggest smartphone and memory chip maker of the world reported a slump in profits for the most recent quarter. The company reported a 56.9 per cent year-on-year…
Apple’s own guidance for the second quarter is that its sales would be down year-on-year and it is widely expected to announce this when its reports its second quarter performance soon. All through the year, there has been in the negative headlines. For example, a drop in iPhone sales in China forced the company on…
There would be continued negative impact on growth in the near term because of Brexit related uncertainties, warned Royal Bank of Scotland (RBS) as it reported a fall in its profits for the first three months of the current fiscal year. The bank reported a 12.5 per cent year on year decrease in the profits…
Despite the preparation by the social media giant for the payment of a record-setting penalty for settlement of privacy issues with the U.S. regulators, Wall Street seemed to care less as the company announced increased number of users and heightened profit expectations for the first quarter of the current year. Facebook has been facing probes…
According to a new Pew Research Center survey, the majority of the most prolific users on Twitter are comprised of women. A number of differences between the most active users on the social media platform Twitter and the majority of people on its platform were found identified by researchers of the report of the study…
Solidarity to their compatriot tech workers in China was expressed by employees of Microsoft through a letter that they got published on the software development platform Github. Workers of tech companies in the United States have made use of this platform, owned by Microsoft, for expressing their views and lodging complaints about the grueling working…
Concerns among analysts about the slowdown in global economy would weigh down on its results were negated by JPMorgan Chase & Co as it reported a better-than-expected quarterly profit for the first quarter of the current year. Good performance across its business sectors was shown by the largest U.S. bank by assets. The performance was…
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