Shares in Alphabet (GOOGL) were higher today on reports that the tech giant won’t break up its advertising business in the wake of a huge European Union fine. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Deadline Day According to …
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The European Commission announced this week that it’s fining Google €2.95 billion (just under $3.5 billion). The commission found that Google had violated European Union antitrust rules by favoring its own advertising services. Specifically, the commission said Google “abused” its “dominant positions” by favoring its ad exchange AdX in both its publisher ad server and in its ad-buying tools. The …
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A crypto wallet tied to a little-known Chinese mining pool may have been the victim of the largest bitcoin theft ever recorded, according to new findings from Arkham Intelligence. In an Aug. 2 thread on X, the onchain analytics firm said it had uncovered evidence that 127,426 BTC — worth $3.5 billion at the time — was stolen from LuBian …
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