News executives have been calling on Facebook and Google to pay for the rights to host their articles
Alphabet shares slipped 4.7 percent in after-market trades that followed release of the earnings figures
With the gain, Alphabet became the newest member of an elite club to trade with the historic 13-digit market capitalisation
Google's leaders have acknowledged the delicacy of adjusting a culture that has entrenched itself over two decades.
Pichai's actions as head of Google could give a clue as to how he will run the broader conglomerate
The Google co-founders added more than $1 billion each to their net worth as the firm's shares rose 1.9 per cent in New York
The move confirms the ascendancy of Pichai, 47, as one of tech's most powerful people
Pichai was named to the additional post of CEO of Alphabet on Tuesday, making him the public face of a company long associated with co-founders Larry Page and Sergey Brin
The second question is whether the Alphabet structure has outlived its usefulness
In his statement, Pichai made it clear that the transition will not affect the Alphabet structure or the work they do day to day
As the big boys of media push for consolidation, scale is emerging as the killer app
Inform Inc. alleges that Google has used its monopoly power in internet search and mobile operating systems to undermine competition in the ad market
The details of the project, named Cache, were first reported by the Wall Street Journal and follow moves by tech heavyweights Apple Inc and Facebook Inc into the financial industry this year
(Reuters) - Robust earnings from Alphabet and Starbucks pushed the S&P 500 and Nasdaq indexes to record highs on Friday, with support from data showing U.S. economic growth slowed less than expected in the second quarter.
The company reported profit of $14.21 per share, or $9.9 billion during the quarter, nearly triple what it made last year
The company's shares, which have risen almost 17 percent over the past six weeks, fell 2.3 percent to $1,114.60 in after-hours trading
Google shares were down 6.1 per cent to $1,208.50 in after-market trades that followed release of the earnings report
Google ad sales contributed 86 per cent of revenue, but growth slowed to 20 per cent from nearly 24 per cent last quarter
Google's dominance in online advertising has been challenged this year by the antitrust battle over its Android mobile software, which led to a $5 billion fine for the quarter
Alphabet is set to report second quarter earnings today