As expected, Alphabet has today shared its earnings results for the first quarter of 2016. The company is reporting revenue of $20.3 billion, which is up from $17.3 billion in the same quarter last year, but misses analyst expectations. Additionally, the company reports a net income of $3.5 billion for the first quarter of 2016. Based on these results, Alphabet stock is down over 4 percent in after-hours trading.
Google Corporate April 21
Google Corporate April 20
As previously rumored, in a press release published today, the EU has filed yet another antitrust movement against Google. This time it centers on Android, the company’s wildly successful mobile operating system, which the EU thinks is in breach of the continent’s antitrust rules. In short, the European Commission thinks Google is using Android to deliberately restrict other mobile operating systems, browsers and search engines.
Google Corporate April 19
With imminent troubles looming in Europe, Canada just closed its three year investigation into anti-competitive practices involving Google’s search and advertising business (via The Verge). The country’s Competition Bureau ultimately “did not find sufficient evidence” that Google’s practices harmed local rivals.