Business

Alphabet posts lower Q4 profit amid ad squeeze, competition

Google's parent company Alphabet on Thursday posted lower profit and a small revenue increase for last year's fourth quarter, as a decline in online ad spending and competition from rivals weigh on the search giant.

Business

Google cuts 12,000 jobs as tech woes bite again

Google's parent company Alphabet announced Friday it will cut about 12,000 jobs globally, citing a changing economic reality as it became the latest US tech giant to enact large-scale restructuring.

Business

Google's Q1 ad sales surge 32%, Alphabet profit doubles

Google's digital advertising network has shifted back into high gear, with its corporate parent reporting profit that more than doubled after an unprecedented setback during the early stages of the pandemic.

Internet

Alphabet closes down internet balloon network project 'Loon'

Google parent company Alphabet announced Friday it was shutting down "Loon", a high-profile project aiming to deliver wireless internet via flying balloons in the stratosphere, because it is not commercially viable.

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