”‘Return to mean?’: Alphabet joins tech companies reporting profits slump”

Google’s parent company Alphabet has released its Q2 results, joining the list of tech companies that have underperformed against expectations.

Speaking of the results, co-founder and chief operating officer of BrightBid Gustav Westman said: “The Google Adwords search product continues to generate strong revenues for the company, and this hyper-targeted advertising channel will continue to be critical to help other businesses grow as they navigate the darkening economic outlook.”

As economic growth slows for the tech industry, Google has shifted its focus toward areas where the company can be sharper and hone in on securing its newest updates to be compatible with consumer privacy and personalization needs.

 

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GoTech Awards 2024

Excited to be a finalist in the GoTech Awards 2024 in the ‘AI/ Machine Learning’ category. The awards aim to celebrate the UK’s tech pioneers and innovators and are in collaboration with Business Leader.  The awards recognise the best the UK has to offer in categories including mobile technology, AI and machine learning, sustainability, and…

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Episode #121 of the SaaSiest Podcast is out now!

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Court witness accidentally reveals Google’s secret search pact with Apple

📊 Kevin Murphy, a University of Chicago professor and Google’s main economics expert, revealed that Google pays Apple 36% of Safari’s search advertising revenues to remain its default search engine. 💰 Speculation suggests that this amounts to an $18 billion annual payment although this has not been confirmed. ⚖️ The Department of Justice’s trial is…

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