Alphabet Inc. is a multinational conglomerate primarily known for its role as the parent company of Google. It engages in a diverse range of activities, including internet search, digital advertising, software development, and hardware manufacturing. Alphabet's portfolio includes popular platforms and services such as YouTube, Google Cloud, and Android, as well as various initiatives in fields like artificial intelligence, autonomous vehicles, and health technology. The company's mission revolves around organizing the world's information and making it universally accessible and useful, while also exploring innovative solutions to enhance everyday life. Read More
Google-backed Waymo and Toyota Motor Corp (NYSE: TM) have announced a preliminary agreement on Tuesday to explore collaboration on autonomous driving technologies, with a focus on personally owned vehicles, the companies said in a joint release.
Spotify defended its $11.99 subscription price on its Q1 earnings call and signaled that price hikes are now a strategic option, as the company eyes long-term revenue growth despite rising inflation and stiff competition from Apple and YouTube Music.
Crockett initiates coverage of TTD with Buy rating and $77 price target. Despite macro concerns and competition, TTD is well-positioned in AdTech's growth, driven by CTV and programmatic. Stock has dropped due to Q4 miss but consensus estimates for growth remain positive. TTD is a leading DSP with a history of strong growth. Crockett projects Q1 revenue of $578.7 million and EPS of $0.25. TTD stock currently at $54.61.
In a move to challenge YouTube's dominance in the video podcasting arena, Spotify Inc. (NYSE: SPOT) has paid out over $100 million to podcast creators and publishers since the start of the year.
OpenAI launched an ad-free shopping search feature within ChatGPT, offering users curated product suggestions to challenge Google's dominance in search and expand its AI-powered services.
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